Brisbane Markets

BML operates on a commercial basis as an unlisted public company, with approximately 42,500,000 shares and in excess of 160 industry-related shareholders, including growers, wholesalers, secondary wholesalers, retailers and the industry organisation Brismark. Subject to the future financial performance BML and its operations as well as its ongoing future cash flow requirements (including funding required for existing and future projects), the Directors intend to achieve a dividend payout ratio in the range of 60-75% of Net Profits After Tax (excluding any property valuation and any "Mark to Market" adjustments) with all dividends to be fully franked. The balance of retained earnings is expected to be used by BML to assist in the ongoing funding of development projects.