Shangri-La reclassifies final dividend

TheStar Wed, Apr 29, 2020 08:40am - 3 years View Original


“The reclassification of dividends would be expedient to shareholders as it provides certainty of the dividend payment date, since the reclassified second Interim Single-tier Dividend does not require shareholders’ approval, ” SHMB told Bursa in a stock filing.

PETALING JAYA: Shangri-La Hotels (M) Bhd (SHMB) is reclassifying its proposed final dividend to a second interim single-tier dividend for its year ended Dec 31,2019 (FY19).

Accordingly, this second interim dividend will be paid on July 16 to shareholders whose names appear on the record of depositors at the close of business on June 18.

On Feb 28, SHMB had initially recommended a final single-tier dividend of 12 sen per share for FY19, and this was subject to the approval of shareholders at the 49th AGM scheduled to be held on May 29.

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