Issuer/ Manager | QAF LIMITED |
Security | QAF LTD SG1A49000759 Q01 |
Scrip Election/ Distribution/ DRP::Choice Issuer & Securities
Announcement Details
Announcement Title | Scrip Election/ Distribution/ DRP |
Date & Time of Broadcast | 05Apr2017 07:16:13 |
Status | New |
Corporate Action Reference | SG170405DVOPI7IM |
Submitted By (Co./ Ind. Name) | Serene Yeo |
Designation | Company Secretary |
Dividend/ Distribution Number | Applicable |
Value | 34 |
Dividend/ Distribution Type | Final |
Financial Year End | 31/12/2016 |
Declared Dividend/ Distribution Rate (Per Share/ Unit) | SGD 0.04 |
Event Narrative
Narrative
Type Narrative Text
Attached announcement relating to Notice of Books Closure Date for the final dividend for the financial Additional year ended 31 December 2016 ("FY2016 Dividend") and the application of the QAF Limited Scrip Dividend
Text Scheme ("Scheme") to FY2016 Dividend; and
Attached Letter to Shareholders notifying amendments to the Scheme.
Event Dates
Record Date and Time | 02/05/2017 17:00:00 |
Ex Date | 27/04/2017 |
Cash Payment Details
Default Option | Yes |
Option Currency | Singapore Dollar |
Payment Type | Tax Exempted (1tier) |
Gross Rate (Per Share) | SGD 0.04 |
Net Rate (Per Share) | SGD 0.04 |
Gross Rate Status | Actual Rate |
Security Option Details
New Security ISIN | SG1A49000759 |
New Security Name | QAF LTD |
Security Not Found | No |
Attachments | QAF_Notice of BCD and Application of Scrip Dividend Scheme.pdf |
QAF_Letter to Shareholders Scrip Dividend Scheme.pdf
QAF_Amended Scrip Dividend Scheme.pdf
Total size =158K
Applicable for REITs/ Business Trusts/ Stapled Securities
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QAF LIMITEDCompany Registration No. 195800035D (Incorporated in the Republic of Singapore) ("the Company")
NOTICE OF BOOKS CLOSURE DATE FOR FY2016 DIVIDEND AND APPLICATION OF QAF LIMITED SCRIP DIVIDEND SCHEME TO FY2016 DIVIDEND NOTICE IS HEREBY GIVEN that the time and date at and on which the Transfer Books and Register of Members of QAF Limited (the "Company") will be closed for the purpose of determining, subject to the approval of shareholders of the Company at the Annual General Meeting to be held on 24 April 2017 ("AGM"), shareholders' entitlements to a final tax-exempt (one-tier) dividend of 4 cents per ordinary share for the financial year ended 31 December 2016, ("FY2016 Dividend") and, in the case of shareholders who are Depositors (defined below), at and on which entitlements to the FY2016 Dividend will be determined, is 5.00 p.m. on 2 May 2017 ("Books Closure Date").Shareholders who are Depositors (as defined in Section 81SF of the Securities and Futures Act (Chapter 289)) and whose shares in the capital of the Company ("QAF Shares") are deposited with The Central Depository (Pte) Limited ("CDP") and whose securities accounts with CDP are credited with QAF Shares as at the Books Closure Date will be entitled to the FY2016 Dividend on the basis of the QAF Shares standing to the credit of their securities accounts with CDP as at the Books Closure Date.
In respect of shareholders who are not Depositors, duly completed and stamped registrable transfers received by the Company's Registrar, Tricor Barbinder Share Registration Services, at 80 Robinson Road, #02-00, Singapore 068898 up to the Books Closure Date will be registered to determine such shareholders' entitlements to the FY2016 Dividend.
The QAF Limited Scrip Dividend Scheme (the "Scheme") will apply to the FY2016 Dividend, subject to such dividend being approved by Shareholders at the AGM. In light of amendments that have been made to the Scheme (notice of which is to be despatched to shareholders on 5 April 2017 with the Company's Annual Report for FY2016), shareholders (other than Overseas Shareholders as defined below) may elect to receive new QAF Shares in lieu of part or all of the cash amount of the FY2016 Dividend declared on the QAF Shares held by them.
For practical reasons and to avoid any violation of the securities laws applicable outside Singapore Shareholders whose registered addresses with CDP or the Company, as the case may be, are outside of Singapore as at the Books Closure Date and who have not, at least three (3) market days before the Books Closure Date, provided CDP or the Company, as the case may be, with addresses in Singapore for the service of notices and documents ("Overseas Shareholders") will not be eligible to participate in the Scheme and may only receive their FY2016 Dividend in cash.
Payment of the FY2016 Dividend is subject to shareholders' approval for the same being obtained at the AGM. The FY2016 Dividend payment date will be announced by the Company upon the despatch of the notices of election to entitled shareholders of the Company.
By Order of the Board
Serene Yeo Company Secretary
Singapore, 5 April 2017
LETTER TO SHAREHOLDERS
QAF LIMITEDCompany Registration No. 195800035D (Incorporated in the Republic of Singapore) ("the Company")
5 April 2017
To: The Shareholders of QAF Limited
Dear Sir/Madam
AMENDMENTS TO THE QAF LIMITED SCRIP DIVIDEND SCHEME ("SCHEME")
Pursuant to the provisions of the Scheme, QAF Limited ("Company") notifies Shareholders of amendments to the Scheme as set out in the attachment to this letter.
Under the terms of the amended Scheme, where the Directors have determined that the Scheme shall apply to a dividend in question ("Qualifying Dividend"), entitled Shareholders may, in accordance with the Scheme, elect to receive such Qualifying Dividend either wholly or partly in shares in the Company in lieu of cash. Under the previous terms of the Scheme, election could only be made to receive a Qualifying Dividend wholly, and not part only, in shares. Please refer to the attachment for the aforesaid amendment and other amendments to the Scheme.
Yours faithfully
For and on behalf of the Board of Directors of
QAF LIMITED
Lin Kejian and Goh Kian Hwee Joint Group Managing Directors
Enc.
QAF Limited published this content on 05 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 April 2017 23:58:09 UTC.
Original documenthttp://www.qaf.com.sg/media/SGX Scrip Election.pdf
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