JEMTEC DECLARES A ONE-TIME SPECIAL DIVIDEND

Canada NewsWire

VANCOUVER, BC, April 3, 2025

JEMTEC INC. TSX-V: JTC

VANCOUVER, BC, April 3, 2025 /CNW/ - JEMTEC Inc. (TSX-V: JTC) ("JEMTEC" or the "Company") is pleased to announce that its board of directors has approved the declaration of a special dividend to shareholders.

Given the strong financial position and performance outlook of the Company, JEMTEC is pleased to announce that its board of directors has approved the declaration of a special dividend of C$0.05 per common share (the "Special Dividend"). The Special Dividend will be paid on April 30, 2025 to shareholders of record on April 11, 2025 and is designated as an eligible dividend for Canadian income tax purposes.

Shareholders do not need to take any further action. JEMTEC will send to registered shareholders a cheque representing the Special Dividend and beneficial shareholders will have their brokerage accounts automatically updated to reflect the Special Dividend.

The Special Dividend will result in a distribution of approximately $139,734 of the Company's cash. There are currently no plans for future dividends. The Board of Directors continues to review its long-term cash requirements in view of its investment strategies and its capital needs from time to time.

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Jemtec Inc.

View original content: http://www.newswire.ca/en/releases/archive/April2025/03/c0846.html

/CONTACT:

For further information contact: Eric Caton, President, Phone (877) 929-4559, Fax (877) 929-4198, www.jemtec.ca

Copyright CNW Group 2025 
 

(END) Dow Jones Newswires

JEMTEC DECLARES A ONE-TIME SPECIAL DIVIDEND

Canada NewsWire

VANCOUVER, BC, April 3, 2025

JEMTEC INC. TSX-V: JTC

VANCOUVER, BC, April 3, 2025 /CNW/ - JEMTEC Inc. (TSX-V: JTC) ("JEMTEC" or the "Company") is pleased to announce that its board of directors has approved the declaration of a special dividend to shareholders.

Given the strong financial position and performance outlook of the Company, JEMTEC is pleased to announce that its board of directors has approved the declaration of a special dividend of C$0.05 per common share (the "Special Dividend"). The Special Dividend will be paid on April 30, 2025 to shareholders of record on April 11, 2025 and is designated as an eligible dividend for Canadian income tax purposes.

Shareholders do not need to take any further action. JEMTEC will send to registered shareholders a cheque representing the Special Dividend and beneficial shareholders will have their brokerage accounts automatically updated to reflect the Special Dividend.

The Special Dividend will result in a distribution of approximately $139,734 of the Company's cash. There are currently no plans for future dividends. The Board of Directors continues to review its long-term cash requirements in view of its investment strategies and its capital needs from time to time.

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Jemtec Inc.

View original content: http://www.newswire.ca/en/releases/archive/April2025/03/c0846.html

/CONTACT:

For further information contact: Eric Caton, President, Phone (877) 929-4559, Fax (877) 929-4198, www.jemtec.ca

Copyright CNW Group 2025 
 

(END) Dow Jones Newswires

April 03, 2025 16:14 ET (20:14 GMT)