LHN Limited Announces Dividend Details and Scrip Dividend Scheme
LHN Limited, a company incorporated in the Republic of Singapore, has released details regarding proposed dividend payments for the financial year ending 30 September 2024. Shareholders are advised to pay close attention to these developments as they may influence share values.
Key Dividend Announcements
The board of directors has recommended a tax-exempt final dividend of S\$0.01 (equivalent to HK\$0.0578) per ordinary share and a special dividend of the same amount. These dividends are contingent upon shareholder approval at the annual general meeting (AGM) scheduled for 24 January 2025.
Important Dates for Shareholders
If approved, the final dividend will be distributed on 21 February 2025 to shareholders listed on the register of members by 7 February 2025. The special dividend is set for payment on 30 May 2025, with eligibility determined by records as of 10 April 2025.
Scrip Dividend Scheme
Shareholders have the option to receive the special dividend entirely in cash, as scrip shares, or a combination of both under the Scrip Dividend Scheme. The implementation of this scheme is subject to necessary approvals from the AGM and stock exchanges in Singapore and Hong Kong. Failure to obtain these will result in the special dividend being paid in cash only.
Procedures for Shareholders in Singapore and Hong Kong
For Singapore shareholders, transfers must be registered by 5:00 p.m. on the relevant dates, while Hong Kong shareholders should ensure submissions by 4:30 p.m. The respective share registrars in Singapore and Hong Kong are handling these processes, and specific addresses have been provided for submissions.
Management and Board Details
The announcement was made by Lim Lung Tieng, Executive Chairman and Group Managing Director, alongside other executive and independent directors.
LHN Limited’s announcements are crucial, especially for shareholders considering the potential impacts on share value and investment decisions. Stay informed and prepared for the upcoming AGM to ensure your interests are represented.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should conduct their own research or consult with a financial advisor before making investment decisions.
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