Jardine Cycle & Carriage : Cash Dividend Distribution with Choice

REPL::Cash Dividend/ Distribution::Choice

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REPL::CASH DIVIDEND/ DISTRIBUTION::CHOICE

Issuer & Securities

Issuer/ Manager

JARDINE CYCLE & CARRIAGE LIMITED

Security

JARDINE CYCLE & CARRIAGE LTD - SG1B51001017 - C07

Announcement Details

Announcement Title

Cash Dividend/ Distribution with Choice

Date &Time of Broadcast

26-Apr-2019 17:43:09

Status

Replacement

Corporate Action Reference

SG190227DVCADNR7

Submitted By (Co./ Ind. Name)

Jeffery Tan Eng Heong

Designation

Company Secretary

Dividend/ Distribution Number

Applicable

Value

99

Dividend/ Distribution Type

Final

Financial Year End

31/12/2018

Declared Dividend/ Distribution Rate (Per Share/ Unit)

USD 0.69

Event Narrative

Narrative Text

https://links.sgx.com/1.0.0/corporate-announcements/H9TXDLC13VA5H4V4/994a0d... 26/4/2019

REPL::Cash Dividend/ Distribution::Choice

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Narrative Type

Narrative version

Additional Text

NOTICE IS HEREBY GIVEN that, subject to shareholders' approval being obtained at the forthcoming 50th Annual General Meeting of the Company ("AGM") for the proposed final one-tiertax-exempt dividend of US$0.69 per share for the financial year ended 31 December 2018 (the "Final Dividend"), the Transfer Books and Register of Members of the Company will be closed from 5.00 p.m. on Tuesday, 14 May 2019 (the "Books Closure Date") up to, and including Wednesday, 15 May 2019, for the purpose of determining shareholders' entitlement to the Final Dividend. Duly completed transfers of shares of the Company in physical scrip received by the Company's Share Registrar, M

&C Services Private Limited at 112 Robinson Road #05-01, Singapore 068902 up to 5.00 p.m. on the Books Closure Date will be registered before entitlements to the Final Dividend are determined. Subject to approval being obtained as aforesaid, shareholders (being Depositors) whose securities accounts with The Central Depository (Pte) Limited are credited with shares of the Company as at 5.00 p.m. on the Books Closure Date will rank for the Final Dividend. The Final Dividend, if approved at the AGM, will be paid on Tuesday, 25 June 2019. Shareholders will have the option to receive the Final Dividend in Singapore dollars, and in the absence of any election, the Final Dividend will be paid in US dollars. Details on this elective will be furnished to shareholders after approval of the Final Dividend.

The payment of a final one-tier tax exempt dividend of US$0.69 per share for the financial year ended 31 December 2018 was approved at the AGM of the Company held earlier today. Please see the attachment on currency elective for this dividend.

Event Dates

Record Date and Time

14/05/2019 17:00:00

Ex Date

13/05/2019

Option 1-Cash Payment Details

Election Period

23/05/2019 TO 10/06/2019

Default Option

Yes

Option Currency

United States Dollar

Payment Type

Tax Exempted (1-tier)

Gross Rate (Per Share)

USD 0.69

https://links.sgx.com/1.0.0/corporate-announcements/H9TXDLC13VA5H4V4/994a0d... 26/4/2019

REPL::Cash Dividend/ Distribution::Choice

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Net Rate (Per Share)

USD 0.69

Pay Date

25/06/2019

Gross Rate Status

Indicative Rate

Option 2-Cash Payment Details

Election Period

23/05/2019 TO 10/06/2019

Default Option

No

Option Currency

Singapore Dollar

Payment Type

Tax Exempted (1-tier)

Gross Rate (Per Share)

USD 0.69

Net Rate (Per Share)

USD 0.69

Pay Date

25/06/2019

Gross Rate Status

Indicative Rate

Currency Pair

SGD/USD

Attachments

BCD%20and%20Currency%20Elective_26%20Apr%2019.pdf

Total size =74K MB

Related Announcements

Related Announcements

https://links.sgx.com/1.0.0/corporate-announcements/H9TXDLC13VA5H4V4/994a0d... 26/4/2019

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27/02/2019 17:35:59

Applicable for REITs/ Business Trusts/ Stapled Securities

https://links.sgx.com/1.0.0/corporate-announcements/H9TXDLC13VA5H4V4/994a0d... 26/4/2019

Jardine Cycle & Carriage Limited

(Company No.196900092R)

239 Alexandra Road Singapore 159930

Tel [phone] Fax [phone] [e-mail]

Attachment to SGX Announcement dated 26 April 2019

CURRENCY ELECTIVE TO RECEIVE IN SINGAPORE DOLLARS THE FINAL ONE-TIER TAX EXEMPT DIVIDEND OF US$0.69 PER SHARE FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018

The payment of a final one-tier tax exempt dividend of US$0.69 per share for the financial year ended 31 December 2018 (the "Final Dividend") was approved at the Annual General Meeting of Jardine Cycle & Carriage Limited (the "Company") held earlier today.

The Company has separately announced on 27 February 2019 that the Books Closure Date for the Final Dividend is at 5:00 p.m. on 14 May 2019.

Shareholders will have the option of receiving the Final Dividend in Singapore Dollars ("S$"). S$ Currency Election Notices will be sent to shareholders as soon as practicable after the Books Closure Date. These will be despatched on 23 May 2019.

Shareholders who wish to receive the Final Dividend in S$ should make the necessary election. In the absence of an election, shareholders will be paid the Final Dividend in United States Dollars ("US$"). Shareholders who wish to receive the Final Dividend in US$ need not take any action.

Permanent election for cash dividends to be paid in S$ will not be available.

	- end -
For further information, please contact:
Jardine Cycle & Carriage Limited
Jeffery Tan Eng Heong	Tel: [phone]

Corporate Profile

Jardine Cycle & Carriage ("JC&C") is a leading Singapore-listed company with a strong presence in Southeast Asia through its strategic interests in market-leading companies across the region. Together with its subsidiaries and associates, JC&C employs more than 250,000 people across Southeast Asia.

JC&C has a majority interest in Astra, a diversified group in Indonesia, which is also the largest independent automotive group in Southeast Asia.

JC&C also has an established presence in the automotive industry beyond Astra, through its Direct Motor Interests operating in Singapore, Malaysia and Myanmar under the Cycle & Carriage brand, as well as through Tunas Ridean in Indonesia and Truong Hai Auto Corporation in Vietnam.

The diversified businesses of JC&C include Other Strategic Interests in Siam City Cement, Refrigeration Electrical Engineering Corporation and Vinamilk.

JC&C is 75% owned by the Jardine Matheson Group, a diversified business group focused principally on markets in Greater China and Southeast Asia.