Asia Pacific Wire & Cable Company Announces Dividend Policy

TAIPEI, Taiwan, Nov. 11, 2016 (GLOBE NEWSWIRE) -- Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) ("APWC" or the "Company"), a leading manufacturer of wire and cable products for the telecommunications and electric-power industries in the Asia-Pacific region, today announced that the Board of Directors has approved the initiation of a dividend policy as part of the Company's ongoing commitment to increasing shareholder value and return on investment.

Pursuant to its newly-adopted dividend policy, APWC intends to pay cash dividends of at least 25% of its net post-tax audited consolidated profits attributable to shareholders.  However, as APWC is a holding company, its income, and therefore its ability to pay dividends, is dependent upon the dividends it receives from its subsidiaries, which are subject to a number of factors including operating results, business prospects, capital requirements, expansion plans, debt covenants, considerations for non-recurring items and other factors that are deemed to be relevant from time to time by the respective Boards of our subsidiaries.

The dividend policy will be reviewed on an ongoing basis and updated at the discretion of the Board of Directors as business circumstances and available capital and capital requirements may change.  It is the intention of the Board to share with shareholders the Company's profits, while reserving adequate funds for future expansion.

The Board of the Company views this adoption of a dividend policy as a major step in the Company's efforts to enhance the return on investment for our shareholders.

About Asia Pacific Wire & Cable Corporation

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