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Beacon Minerals Limited (ASX:BCN)

ALERT: Price-sensitive ASX Announcement for BCN
Current share price for BCN : $2.970 0.69 (30.26%)+
Announcement
Release
18 Jun 2026 8:54AM
Price at Release
$2.280
Full Release
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Summary
Beacon Minerals Limited has announced a significant shareholder return initiative totaling approximately $30.4 million, which includes a fully franked cash dividend of $0.10 per share and a special in-specie dividend involving the distribution of 36 million shares in Forrestania Resources Limited. This dividend package, the largest in the company's history, reflects Beacon's strong operational performance and strategic focus on enhancing shareholder value. Most shareholders will be eligible for these distributions, with specific arrangements made for foreign and small shareholders to receive cash proceeds from the sale of their entitled shares. The initiative underscores Beacon's commitment to maintaining a robust balance sheet and delivering substantial returns to its shareholders.
Key Points
  • Announcement of $30.4 million shareholder return initiative.
  • Includes a fully franked cash dividend of $0.10 per share.
  • Special in-specie dividend with 36 million Forrestania Resources shares.
  • Largest shareholder return in Beacon's history.
  • Eligible shareholders to receive distributions directly.
  • Arrangements for foreign and small shareholders to receive cash.
  • Reflects strong operational performance and strategic focus.
  • Commitment to robust balance sheet and shareholder value.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.