WD::Cash Dividend/ Distribution::Mandatory

Issuer & Securities

Issuer/ Manager
UNITED OVERSEAS BANK LIMITED
Security
UNITED OVERSEAS BANK LIMITED - SG1M31001969 - U11

Announcement Details

Announcement Title
Mandatory Cash Dividend/ Distribution
Date &Time of Broadcast
24-Apr-2020 21:57:12
Status
Withdraw
Corporate Action Reference
SG200221DVCA2U7O
Submitted By (Co./ Ind. Name)
Joyce Sia
Designation
Company Secretary
Dividend/ Distribution Number
Applicable
Value
127
Dividend/ Distribution Type
Special
Financial Year End
31/12/2019
Declared Dividend/ Distribution Rate (Per Share/ Unit)
SGD 0.2

Event Narrative

Narrative Type
Narrative Text
Additional TextNotice is hereby given that, subject to shareholders' approval of the special dividend at the Annual General Meeting, the Share Transfer Books and Register of Members of the Bank will be closed on 13 May 2020, for determining shareholders entitlement to the special dividend.
Additional TextRegistrable transfers received by the Bank's Registrar, Boardroom Corporate & Advisory Services Pte Ltd at 50 Raffles Place, Singapore Land Tower #32-01, Singapore 048623, up to 5.00 pm on 12 May 2020 will be registered for the special dividend.
Additional TextIn respect of ordinary shares in securities accounts with The Central Depository (Pte) Limited (CDP), entitlements to the special dividend will be computed based on the shareholding position after settlement of all trades on 12 May 2020.
Additional TextThe special dividend will be paid by the Bank to CDP, which will, in turn, distribute the dividend to holders of the securities account.

Event Dates

Record Date and Time
12/05/2020 17:00:00
Ex Date
11/05/2020

Dividend Details

Payment Type
Tax Exempted (1-tier)
Gross Rate (Per Share)
SGD 0.2
Net Rate (Per Share)
SGD 0.2
Pay Date
21/05/2020
Gross Rate Status
Actual Rate

Reason(s) for Withdrawal

Reason(s) for Withdrawal
On 8 Apr 20, UOB announced that pending legislative amendment to address the COVID 19 situation, the UOB AGM date had not been fixed. The payment of the final and special dividends will also be deferred. When the AGM date is fixed, UOB will announce the new record and payment dates of the final and special dividends.

Related Announcements

Related Announcements

21/02/2020 06:48:35

Applicable for REITs/ Business Trusts/ Stapled Securities