Deferral of Interim Dividend Payment

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    IDP Education Limited (ASX: IEL) (IDP) today announced it will defer the payment of its interim
    dividend announced on 25 February 2020.
    The dividend was scheduled to be paid on 27 March 2020. It is the present intention of the Board
    to pay the interim dividend on 24 September 2020.
    Andrew Barkla, IDP Chief Executive Officer and Managing Director, said the decision to defer
    the payment was a prudent capital management measure in the current environment.
    “While we believe the longer-term drivers of international education remain in place, the current
    uncertainty in global markets due to COVID-19 has prompted us to take this action” Mr Barkla
    said.
    Shares in IDP have been placed in a trading halt pending the release of an announcement by
    IDP regarding the impacts of COVID-19 on IDP's business and IDP's response to those impacts

    courtesy of Bell Direct
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