Recognising that consistent dividends are important to its shareholders, the Company’s objective remains to pay a regular, consistent dividend stream from available profits and cash flow in line with the performance of the Company.

Share Buy-Back

The Company intends to undertake an on-market share buy-back of up to 10% of its issued share capital as part of a capital management initiative over the next 12 months.

WDE is committed to actively managing the Company’s capital and believes that the buy-back provides the opportunity to repurchase shares at attractive valuations.  Shares will only be bought back if the WDE share price trades at a material discount to its underlying net asset value.

WDE has appointed Baillieu Holst to manage the buy-back process.  The buy-back will commence after the release of WDE’s half year results for the 2017/18 year. The half year result is planned for release on 26 February, 2018.

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