REPL::Scrip Election/ Distribution/ DRP::Choice

Issuer & Securities

Issuer/ Manager
BOUSTEAD SINGAPORE LIMITED
Security
BOUSTEAD SINGAPORE LIMITED - SG1X13940751 - F9D

Announcement Details

Announcement Title
Scrip Election/ Distribution/ DRP
Date &Time of Broadcast
05-Aug-2016 17:15:58
Status
Replacement
Corporate Action Reference
SG160524DVOPNI84
Submitted By (Co./ Ind. Name)
Alvin Kok
Designation
Company Secretary
Dividend/ Distribution Number
Applicable
Value
62
Dividend/ Distribution Type
Final
Financial Year End
31/03/2016
Declared Dividend/ Distribution Rate (Per Share/ Unit)
SGD 0.02

Event Narrative

Narrative Type
Narrative Text
Narrative versionThe Board wishes to announce that having made a re-assessment of the Company's present capital needs and current cash reserves, it is of the view that the Company is sufficiently capitalised for the time being and that shareholders' interests are better served by paying the Dividend in cash instead of scrip.

As a consequence of the decision to withdraw the proposed application of the Scrip Dividend Scheme to the Dividend in favour of cash payment, the Dividend payment date shall be brought forward from 21 September 2016 to 19 August 2016.
Additional TextAs a result the Scrip Option is longer available to the shareholders and this event may be treated as Mandatory Cash Dividend.

Event Dates

Record Date and Time
03/08/2016 17:00:00
Ex Date
01/08/2016

Cash Payment Details

Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Tax Exempted (1-tier)
Gross Rate (Per Share)
SGD 0.02
Net Rate (Per Share)
SGD 0.02
Pay Date
19/08/2016
Gross Rate Status
Actual Rate

Security Option Details

New Security ISIN
SG1X13940751
New Security Name
BOUSTEAD SINGAPORE LIMITED
Security Not Found
No

Attachments

Related Announcements

Applicable for REITs/ Business Trusts/ Stapled Securities