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

Issuer & Securities

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

Announcement Details

Announcement Title
Scrip Election/ Distribution/ DRP
Date &Time of Broadcast
13-Jun-2018 17:41:00
Status
Replacement
Corporate Action Reference
SG180214DVOPK5IJ
Submitted By (Co./ Ind. Name)
Joyce Sia
Designation
Company Secretary
Dividend/ Distribution Number
Applicable
Value
122
Dividend/ Distribution Type
Final
Financial Year End
31/12/2017
Declared Dividend/ Distribution Rate (Per Share/ Unit)
SGD 0.65

Event Narrative

Narrative Type
Narrative Text
Additional TextThe Dividend value of 65 cents comprises a final one-tier tax-exempt dividend of 45 cents and a special one-tier tax-exempt dividend of 20 cents for the financial year ended 31 December 2017 (FY17 Final and Special Dividends)
Additional TextNotice is hereby given that the Transfer Books and Register of Members of the Bank will be closed from 5.00 p.m. on 30 April 2018 up to (and including) 2 May 2018 for the purpose of determining the entitlements of Shareholders to the FY17 Final and Special Dividends.
Additional TextDuly completed registrable transfers received by the Bank's Share Registrar, Boardroom Corporate & Advisory Services Pte Ltd at 50 Raffles Place, Singapore Land Tower #32-01, Singapore 048623 up to 5.00 p.m. on 30 April 2018 will be registered before entitlements to the FY17 Final and Special Dividends are determined.
Additional TextShareholders whose securities accounts with CDP are credited with Shares as at 5.00 p.m. on 30 April 2018 will rank for the FY17 Final and Special Dividends.
Additional TextThe FY17 Final and Special Dividends will be paid on 13 June 2018. The new Shares are expected to be listed on 14 June 2018.
Additional TextFY17 Final and Special Dividends - Issue Price of New Share for Scrip Dividend is $29.66
Additional TextFY17 Final and Special Dividends - Despatch of Notice of Election
Additional TextFY17 Final and Special Dividends - Allotment and issue of New Shares pursuant to Scrip Dividend Scheme

Event Dates

Record Date and Time
30/04/2018 17:00:00
Ex Date
26/04/2018

Cash Payment Details

Election Period
11/05/2018 TO 24/05/2018
Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Tax Exempted (1-tier)
Gross Rate (Per Share)
SGD 0.65
Net Rate (Per Share)
SGD 0.65
Pay Date
13/06/2018
Gross Rate Status
Actual Rate

Security Option Details

Election Period
11/05/2018 TO 24/05/2018
New Security ISIN
SG1M31001969
New Security Name
UNITED OVERSEAS BANK LTD
Security Not Found
No
Fractional Disposition Method
Standard
Issue/ Reinvestment Price
SGD 29.66
Security Credit Date
14/06/2018

Attachments

Related Announcements

Applicable for REITs/ Business Trusts/ Stapled Securities