Vallianz exercises right to defer distribution for US$22.5 mil perpetual securities

The payment of distribution was supposed to be due on Jan 5.

The deferment was made on the basis that no dividend, distribution, or other payments were made by the company during the 12-month period ended Jan 5, and that none of the company’s junior obligations – which refer to any class of the company’s share capital and other instruments and securities – were redeemed, reduced, cancelled, bought back, or acquired.

Shares in Vallianz closed flat at 4.8 cents on Jan 5.