Valuemax Group Limited Announces Dividend and Seeks Shareholder Approval for Share Issuance and Interested Person Transactions
Key Points:
Valuemax Group Limited (the “Company”) will hold its Annual General Meeting (AGM) on April 22, 2025.
The Company proposes to declare a first and final one-tier tax exempt dividend of 2.68 cents per share for the financial year ended December 31, 2024. 1
The Company is seeking shareholder approval to authorize the directors to issue shares and convertible securities up to 50% of the total number of issued shares, with a sub-limit of 20% for non-pro-rata issues. 1
The Company is also seeking shareholder approval to renew the mandate for interested person transactions. 2
Potentially Price-Sensitive Information:
The proposed dividend of 2.68 cents per share, if approved, could positively impact the share price.
The proposed share issuance authority, if approved, could provide the Company with greater financial flexibility to fund future growth, which could also affect the share price.
The renewal of the interested person transactions mandate could allow the Company to continue engaging in transactions with related parties, which could be viewed positively or negatively by investors, depending on the nature and terms of the transactions.
Valuemax Group Limited Seeks Shareholder Approval for Dividend and Corporate Actions Singapore, April 1, 2025 – Valuemax Group Limited, a leading provider of pawnbroking and secured lending services in Singapore, today announced that it will be holding its Annual General Meeting (AGM) on April 22, 2025. The Company has several key proposals for its shareholders to consider, including the declaration of a dividend and the authorization for the issuance of new shares.
Dividend Proposal The Board of Directors of Valuemax Group Limited has proposed a first and final one-tier tax exempt dividend of 2.68 cents per share for the financial year ended December 31, 2024. This represents a payout ratio of approximately 40% of the Company’s net profit for the year. If approved by shareholders at the AGM, the dividend will be paid on May 22, 2025 to shareholders on record as of May 9, 2025.
Share Issuance Authority The Company is seeking shareholder approval to authorize its directors to issue shares and convertible securities up to a maximum of 50% of the total number of issued shares, with a sub-limit of 20% for non-pro-rata issues. This will provide the Company with greater financial flexibility to fund future growth initiatives, such as potential acquisitions or expansion of its business operations.
Interested Person Transactions Mandate Valuemax Group Limited is also seeking shareholder approval to renew the mandate for interested person transactions. This will allow the Company and its subsidiaries to enter into transactions with related parties, such as the Company’s directors, controlling shareholders, and their associates, provided that such transactions are conducted on normal commercial terms and are not prejudicial to the interests of the Company and its minority shareholders.
“The proposed dividend, share issuance authority, and interested person transactions mandate are all important components of our strategy to create long-term value for our shareholders,” said Mr. Phua Boon Kin, the Chief Executive Officer of Valuemax Group Limited. “We believe these initiatives will enhance the Company’s financial flexibility and allow us to continue pursuing growth opportunities, while ensuring that our related party transactions are conducted in a transparent and fair manner.”
Shareholders are encouraged to review the notice of AGM and the accompanying circular for more details on the various proposals and to submit any questions they may have in advance of the meeting.
Disclaimer: This article is for informational purposes only and does not constitute a recommendation to buy or sell any securities of Valuemax Group Limited. Investors should conduct their own due diligence and consult with their financial advisors before making any investment decisions.
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