General Announcement::Interim Dividend Update
GENERAL ANNOUNCEMENT::INTERIM DIVIDEND UPDATE
Issuer & Securities
Issuer/ Manager
THAKRAL CORPORATION LTD
Securities
THAKRAL CORPORATION LTD - SG1AJ2000005 - AWI
Stapled Security
No
Announcement Details
Announcement Title
General Announcement
Date &Time of Broadcast
22-Sep-2021 18:08:51
Status
New
Announcement Sub Title
Interim Dividend Update
Announcement Reference
SG210922OTHRRVNG
Submitted By (Co./ Ind. Name)
Anil Daryanani
Designation
Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
Please refer to attached announcement on Interim Dividend Update.
Attachments
ThakralCorp_Annmt_Interim_Dividend_Update_20210922.pdf
Total size =21K MB
https://links.sgx.com/...-announcements/0LEHJIT7ZUBU0RFM/e40bc3ebf76390002aebad5cc173b6c5d0010792329faa5c0aed3734bfa774b4[22-Sep-21 6:11:18 PM]
THAKRAL CORPORATION LTD
(Incorporated in the Republic of Singapore on 7 October 1993)
(Company Registration No. 199306606E)
ANNOUNCEMENT
INTERIM DIVIDEND UPDATE
The Board of Directors (the "Board") of Thakral Corporation Ltd (the "Company", and together with its subsidiaries, the "Group") refers to the interim dividend of S$0.02 per ordinary share declared on 5 August 2021 (Announcement Ref: SG210805OTHRN7TY) for the financial year ending 31 December 2021 (the "Interim Dividend").
The Company's dividend policy is to declare and pay dividend twice a year, in line with its growth prospects, one by end of September of the same financial year and the other by end of April of the following year.
Taking into consideration the timing of the cash flow for the Group's working capital requirements as well as its operational and investment needs, the Board would like to update that the payment of the Interim Dividend would be made by the end of December 2021 instead of end of September 2021.
The Company will announce the details of the record date for the purpose of determining shareholders' entitlements to the Interim Dividend in due course.
While the Board remains committed to its dividend policy, it seeks shareholders' understanding with regard to the prudent approach to pay the Interim Dividend by December 2021 taking into consideration the timing of the Group's cash flow for its working capital requirements, operational and investment needs amidst the ongoing COVID-19pandemic including the growing spread of the Delta variant.
Rewarding shareholders by way of dividends continues to be a top priority of the Board while maintaining a balance between its dividend distributions and an efficient capital structure with adequate liquidity to meet the Group's working capital requirements and future operational and investment needs.
On behalf of the Board
Natarajan Subramaniam
Independent Non-Executive Chairman and Lead Independent Director
Singapore, 22 September 2021
Attachments
- Original document
- Permalink
Disclaimer
Thakral Corporation Ltd. published this content on 22 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2021 10:31:04 UTC.