ASX Announcement 16 November 2010 SOLCO DECLARES DIVIDEND PAYMENT 50% increase on FY2009 dividend payment Solco Limited (ASX: SOO) is pleased to announce a dividend payment for shareholders of 0.375 cents per share relating to the financial period ending 30 June 2010, following a second consecutive year of record profit and growth. The Company, an established and profitable solar energy wholesale supplier, will provide shareholders with a total dividend of approximately AUD$750,000, a 50% increase on its maiden dividend payment in 2009. Dividend details Amount: 0.375 cents ($0.00375) per share Franked/ Unfranked: Unfranked Record Date: 26th November 2010 Anticipated payment date: 18 January 2011 Solco?s Chief Executive Officer Mark Norman said he was pleased to continue providing strong shareholders returns. ?We believe this dividend payment reflects Solco?s growing status as profitable company - and a leading entity within Australia?s wholesale solar energy supply sector. In the last financial year we achieved a record 84% increase in profit before tax, and are pleased to reward our shareholders for their continued support,? said Mr Norman. ?Through the continued growth of our core divisions and the expansion of our national sales network and capabilities, we are currently on track to sustain this growth in the 2011 financial year.? ENDS
GOE Price at posting:
12.0¢ Sentiment: ST Buy Disclosure: Held