WD::Cash Dividend/ Distribution::Mandatory

Issuer & Securities

Issuer/ Manager
UOL GROUP LIMITED
Security
UOL GROUP LIMITED - SG1S83002349 - U14

Announcement Details

Announcement Title
Mandatory Cash Dividend/ Distribution
Date &Time of Broadcast
08-Apr-2020 18:39:19
Status
Withdraw
Corporate Action Reference
SG200228DVCATNGA
Submitted By (Co./ Ind. Name)
Yeong Sien Seu
Designation
Company Secretary
Dividend/ Distribution Number
Not Applicable
Dividend/ Distribution Type
Final
Financial Year End
31/12/2019
Declared Dividend/ Distribution Rate (Per Share/ Unit)
SGD 0.175

Event Narrative

Narrative Type
Narrative Text
Narrative versionNotice is hereby given that subject to shareholders' approval being obtained for the proposed first and final tax exempt (one-tier) dividend of 17.5 cents per ordinary share in respect of the financial year ended 31 December 2019, the Share Transfer Books and the Register of Members of the Company will be closed at 5.00 p.m. on 4 May 2020, for the preparation of dividend warrants.

Duly completed transfers received by the Company's Share Registrar, Boardroom Corporate & Advisory Services Pte. Ltd., at 50 Raffles Place #32-01, Singapore Land Tower, Singapore 048623, up to 5.00 p.m. on 4 May 2020 will be registered to determine shareholders' entitlements to the proposed dividend. In respect of ordinary shares in securities accounts with The Central Depository (Pte) Ltd ("CDP"), the dividend will be paid by the Company to CDP which will, in turn, distribute the dividend entitlements to shareholders in accordance with its practice.

The proposed dividend, if approved at the Annual General Meeting of the Company, will be paid on 14 May 2020.

Event Dates

Record Date and Time
04/05/2020 17:00:00
Ex Date
30/04/2020

Dividend Details

Payment Type
Tax Exempted (1-tier)
Gross Rate (Per Share)
SGD 0.175
Net Rate (Per Share)
SGD 0.175
Pay Date
14/05/2020
Gross Rate Status
Actual Rate

Reason(s) for Withdrawal

Reason(s) for Withdrawal
On 8 April 2020, UOL announced that its AGM will be deferred to a future date to be determined due to the COVID-19 situation. The record and payment dates for the first and final dividend for FY2019 will be deferred accordingly. UOL will update Shareholders of the revised dates in due course.

Related Announcements

Related Announcements

28/02/2020 17:44:04

Applicable for REITs/ Business Trusts/ Stapled Securities