Reference is made to the announcements of icapital.biz Berhad (“ICAP” or the “Company”) dated 18 August 2023 and 29 September 2023 in relation to its dividend policy.
The Board of Directors of ICAP (“Board”) is pleased to declare an interim dividend of RM0.1041 per ordinary share in ICAP (“Share”) for the financial year ending 31 May 2025 (“Interim Dividend”).
The Board had determined that the Company’s dividend reinvestment plan (“DRP”), which was approved by its shareholders at the extraordinary general meeting on 29 December 2023, shall apply to the entire portion of the Interim Dividend whereby shareholders will be given an option to elect to reinvest their Interim Dividend into new Shares.
Under the written procedures established by ICAP pursuant to the Securities Industry (Central Depositories) (Foreign Ownership) Regulations 1996, foreigners who hold Shares within the prescribed limit of 20% of the total number of issued Shares (“Prescribed Limit”) shall be entitled to all rights and obligations attached to the Shares as determined by the Board. In this connection, the Board will implement the restriction to the Shares held by foreign depositors which exceed the Prescribed Limit (“Restricted Shares”) as follows:
(i) the Restricted Shares held by foreign depositors shall not be entitled to the Interim Dividend and therefore are not entitled to participate in the DRP;
(ii) the Restricted Shares will be determined on ‘last-in first-out’ basis (i.e. where the Prescribed Limit is breached, Shares acquired by foreigners later in time than those acquired earlier in time, as they appear on the record of depositors, will be deemed as Restricted Shares); and
(iii) Shares held by foreigners which are within the Prescribed Limit shall be entitled to the Interim Dividend and are entitled to participate in the DRP.
For the avoidance of doubt, all depositors of the Shares are eligible to participate in the DRP provided that such participation will not result in a breach of the Prescribed Limit. Should the Board be made aware of any expected breach of such Prescribed Limit as a result of the exercise of the reinvestment option under the DRP by foreign depositors, the Board shall be entitled to reduce or limit the number of new Shares to be issued to such foreign depositors and/or to pay such foreign depositors in cash instead, as authorised by the shareholders’ resolution for the DRP (passed at ICAP’s extraordinary general meeting on 29 December 2023).
The Board has also fixed the issue price of the new Shares to be issued pursuant to the DRP at RM2.92 per Share (“Issue Price”) today (“Price-Fixing Date”). The Issue Price approximates the 5-day volume weighted average market price of the Shares immediately prior to the Price-Fixing Date of RM3.0192, and is ex-Interim Dividend.
An application will be submitted to Bursa Malaysia Securities Berhad for the listing of and quotation for the new Shares to be issued pursuant to the DRP.
The entitlement date for the Interim Dividend will be announced after approval has been obtained from Bursa Malaysia Securities Berhad for the listing of and quotation for the new Shares to be issued pursuant to the DRP.
This announcement is dated 27 September 2024.
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发表于 29-12-2021 09:06 AM
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