Oireachtas Joint and Select Committees

Tuesday, 13 December 2022

Joint Oireachtas Committee on Agriculture, Food and the Marine

Forestry Strategic Vision: Coillte

Ms Imelda Hurley:

It is considered by the board and shareholder. It is an engagement that involves the board of Coillte and shareholder. We are cognisant of the cost of the vision going forward and focused on ensuring first and foremost that we are financially viable and sustainable. That is the best way we can deliver our vision. Regarding the point the Vice Chairman made about the sources of capital, of course one additional source of capital could be the dividend used in another way. As we go forward, we will look at how we deliver this vision, where we can access and raise capital and how we could transparently, for instance, deploy capital in the event that there was a discussion around dividend. I reiterate the importance of Coillte remaining financially strong to deliver the vision. We should welcome the fact that in overall terms there is this financial dividend. There are always conversations that can be had regarding how many may be deployed going forward.

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