REPL::Cash Dividend/ Distribution::Choice

Issuer & Securities

Issuer/ Manager
JARDINE CYCLE & CARRIAGE LIMITED
Security
JARDINE CYCLE & CARRIAGE LTD - SG1B51001017 - C07

Announcement Details

Announcement Title
Cash Dividend/ Distribution with Choice
Date &Time of Broadcast
14-May-2019 17:55:26
Status
Replacement
Corporate Action Reference
SG190227DVCADNR7
Submitted By (Co./ Ind. Name)
Jeffery Tan Eng Heong
Designation
Company Secretary
Dividend/ Distribution Number
Applicable
Value
99
Dividend/ Distribution Type
Final
Financial Year End
31/12/2018
Declared Dividend/ Distribution Rate (Per Share/ Unit)
USD 0.69

Event Narrative

Narrative Type
Narrative Text
Narrative versionNOTICE IS HEREBY GIVEN that, subject to shareholders' approval being obtained at the forthcoming 50th Annual General Meeting of the Company ("AGM") for the proposed final one-tier tax-exempt dividend of US$0.69 per share for the financial year ended 31 December 2018 (the "Final Dividend"), the Transfer Books and Register of Members of the Company will be closed from 5.00 p.m. on Tuesday, 14 May 2019 (the "Books Closure Date") up to, and including Wednesday, 15 May 2019, for the purpose of determining shareholders' entitlement to the Final Dividend. Duly completed transfers of shares of the Company in physical scrip received by the Company's Share Registrar, M & C Services Private Limited at 112 Robinson Road #05-01, Singapore 068902 up to 5.00 p.m. on the Books Closure Date will be registered before entitlements to the Final Dividend are determined. Subject to approval being obtained as aforesaid, shareholders (being Depositors) whose securities accounts with The Central Depository (Pte) Limited are credited with shares of the Company as at 5.00 p.m. on the Books Closure Date will rank for the Final Dividend. The Final Dividend, if approved at the AGM, will be paid on Tuesday, 25 June 2019. Shareholders will have the option to receive the Final Dividend in Singapore dollars, and in the absence of any election, the Final Dividend will be paid in US dollars. Details on this elective will be furnished to shareholders after approval of the Final Dividend.
Additional TextThe payment of a final one-tier tax exempt dividend of US$0.69 per share for the financial year ended 31 December 2018 was approved at the AGM of the Company held earlier today. Please see the attachment on currency elective for this dividend.
Additional TextPlease see attachment on the applicable exchange rate for calculating the S$ amount of this dividend (for the purpose of the currency elective).

Event Dates

Record Date and Time
14/05/2019 17:00:00
Ex Date
13/05/2019

Option 1-Cash Payment Details

Election Period
23/05/2019 TO 10/06/2019
Default Option
Yes
Option Currency
United States Dollar
Payment Type
Tax Exempted (1-tier)
Gross Rate (Per Share)
USD 0.69
Net Rate (Per Share)
USD 0.69
Pay Date
25/06/2019
Gross Rate Status
Actual Rate

Option 2-Cash Payment Details

Election Period
23/05/2019 TO 10/06/2019
Default Option
No
Option Currency
Singapore Dollar
Payment Type
Tax Exempted (1-tier)
Gross Rate (Per Share)
USD 0.69
Net Rate (Per Share)
USD 0.69
Pay Date
25/06/2019
Gross Rate Status
Actual Rate
Currency Pair
SGD/USD
Exchange Rate
1.3686
Gross Rate in Option Currency
SGD 0.944334

Attachments

Related Announcements

Applicable for REITs/ Business Trusts/ Stapled Securities