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
12-May-2017 17:35:57
Status
Replacement
Corporate Action Reference
SG170217DVOPVNES
Submitted By (Co./ Ind. Name)
Theresa Sim
Designation
Company Secretary
Dividend/ Distribution Number
Applicable
Value
120
Dividend/ Distribution Type
Final
Financial Year End
31/12/2016
Declared Dividend/ Distribution Rate (Per Share/ Unit)
SGD 0.35

Event Narrative

Narrative Type
Narrative Text
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 28 April 2017 up to (and including) 2 May 2017 for the purpose of determining the entitlements of Shareholders to the FY16 Final Dividend.
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 28 April 2017 will be registered before entitlements to the FY16 Final Dividend are determined.
Additional TextShareholders whose securities accounts with CDP are credited with Shares as at 5.00 p.m. on 28 April 2017 will rank for the FY16 Final Dividend.
Additional TextThe FY16 Final Dividend will be paid on 13 June 2017. The new Shares are expected to be listed on 14 June 2017.
Additional TextFY16 Final Dividend-Issue Price of New Share for Scrip Dividend -$19.49
Additional TextFY16 Final Dividend-Despatch of Notice of Election

Event Dates

Record Date and Time
28/04/2017 17:00:00
Ex Date
26/04/2017

Cash Payment Details

Election Period
12/05/2017 TO 25/05/2017
Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Tax Exempted (1-tier)
Gross Rate (Per Share)
SGD 0.35
Net Rate (Per Share)
SGD 0.35
Pay Date
13/06/2017
Gross Rate Status
Actual Rate

Security Option Details

Election Period
12/05/2017 TO 25/05/2017
New Security ISIN
SG1M31001969
New Security Name
UNITED OVERSEAS BANK LTD
Security Not Found
No
Fractional Disposition Method
Standard
Issue/ Reinvestment Price
SGD 19.49
Security Credit Date
14/06/2017

Attachments

Related Announcements

Applicable for REITs/ Business Trusts/ Stapled Securities