Singapore-based Jumbo Group Limited has announced a proposed final tax-exempt (one-tier) dividend of S\$0.005 per ordinary share for the financial year ended 30 September 2024. This announcement, which may affect the company’s share value, was made on 9 January 2025 by the Group CEO and Executive Director, Ang Kiam Meng.

Key Dates and Details for Shareholders

The company’s Share Transfer Books and Register of Members will be closed at 5:00 p.m. on 5 February 2025 to determine shareholders’ entitlements to the proposed dividend. Shareholders whose securities accounts with The Central Depository (Pte) Limited are credited with shares at this cut-off time will qualify for the dividend.

If approved at the upcoming Annual General Meeting (AGM) on 24 January 2025, the dividend will be distributed on or around 12 February 2025. Shareholders are advised to ensure that any registrable share transfers are completed and submitted to the Company’s Share Registrar, Boardroom Corporate & Advisory Services Pte Ltd, by the cut-off time on 5 February 2025.

Regulatory Compliance

The announcement has been reviewed by Jumbo Group’s sponsor, United Overseas Bank Limited (UOB), to ensure compliance with the Singapore Exchange Securities Trading Limited (SGX-ST) Listing Manual Section B: Rules of Catalist. However, the SGX-ST has not examined or approved the announcement and assumes no responsibility for its contents.

Impact on Share Value

With the proposed dividend signaling financial stability and potential shareholder returns, this announcement may influence investor sentiment and potentially impact Jumbo Group’s share price. Shareholders and potential investors are encouraged to monitor the upcoming AGM decision and the final dividend payment as key indicators of the company’s performance.