The Board of Spheria Emerging Companies Limited has resolved to pay a quarterly dividend for the period ended 30 June 2022 of 2.2 cents per share, which will be payable on 29 July 2022. The dividend will be fully franked at the corporate tax rate of 30%. The payment of the dividend is consistent with the intention to pay dividends on a quarterly basis, at a level of 1% of post-tax net tangible assets (NTA) at the end of each calendar quarter, subject to available profits, cash flow and franking credits.

The quarterly dividend has been calculated based on the Company's post-tax NTA as at 30 June 2022 of $2.151 per share, multiplied by 1%, giving rise to a fully franked dividend of 2.2 cents. The 30 June 2022 post-tax NTA was impacted by the significant market decline over the quarter, which in turn reduced the quarterly dividend compared to previous quarters.