General Announcement::FY2019 Final Dividend - Deferment of payment date due to deferral of Annual General Meeting
Issuer & Securities
JARDINE CYCLE & CARRIAGE LIMITED
JARDINE CYCLE & CARRIAGE LTD - SG1B51001017 - C07
Date &Time of Broadcast
Announcement Sub Title
FY2019 Final Dividend - Deferment of payment date due to deferral of Annual General Meeting
Submitted By (Co./ Ind. Name)
Jeffery Tan Eng Heong
Description (Please provide a detailed description of the event in the box below)
Jardine Cycle & Carriage Limited (the "Company") refers to its announcement dated 27 February 2020 ("27 Feb Announcement") in relation to the proposed final one-tier tax exempt dividend of US$0.69 per share for the financial year ended 31 December 2019 (the "Final Dividend").
As set out in the 27 Feb Announcement, the Final Dividend is subject to shareholders' approval at the Annual General Meeting ("AGM") of the Company. If approved, the Transfer Books and Register of Members of the Company would have been closed from 5.00p.m. on 15 May 2020 up to (and including) 18 May 2020 for the purposes of determining shareholders' entitlement to the Final Dividend, and the payment date would have been 25 June 2020.
On 3 April 2020, the Singapore government announced heightened safe distancing measures to minimise further spread of Covid-19, including requiring all workplaces (save for those providing essential services) to close from 7 April 2020 to 4 May 2020 (inclusive), and all employees to work from home. In view of this, the Company announced on 7 April 2020 that its AGM originally scheduled for 24 April 2020 will be deferred to a future date to be determined.
As such, the record date and dividend payment date for the Final Dividend will change. The Company will announce the new record date and dividend payment date accordingly.