OTHERS DECLARATION OF SECOND INTERIM SINGLE TIER DIVIDEND
DECLARATION OF SECOND INTERIM SINGLE TIER DIVIDEND
The Board of Directors of Sunway Berhad (“Sunway”) is pleased to declare its second interim single tier dividend in respect of the financial year ended 31 December 2016 as follows:
a) A second interim single tier cash dividend of 4 sen per share (“Cash Dividend”). Its entitlement and payment dates are 6 April 2017 and 28 April 2017 respectively; and
b) A share dividend distribution of approximately 20.3 million treasury shares on the basis of 1 treasury share for every 100 existing ordinary shares held (“Share Dividend”). Its entitlement and payment dates are 13 April 2017 and 28 April 2017 respectively.
The Cash Dividend and Share Dividend are collectively referred to as the “Interim Dividend”. Fractions of treasury shares will be disregarded and will be dealt with in such manner as the Board of Directors shall in its absolute discretion think expedient or to be in the best interests of Sunway.
The treasury shares of Sunway to be distributed pursuant to the Share Dividend will not be entitled to the Cash Dividend or any dividends or other distributions declared in respect of the financial period prior to the financial period in which the treasury shares are distributed or any interim dividends or distributions, that may be declared before the date of distribution of the Interim Dividend.
A shareholder shall qualify for entitlement to the Interim Dividend only in respect of:
i) Shares transferred into the Depositor’s Securities Account before 4.00 p.m. on the Entitlement Date in respect of the transfers; and
The treasury shares to be distributed under the Share Dividend will be credited into the entitled shareholders’ account maintained with Bursa Malaysia Depository Sdn Bhd on 28 April 2017.
This announcement is dated 27 February 2017.
|Company Name||SUNWAY BERHAD|
|Date Announced||27 Feb 2017|
|Category||General Announcement for PLC|