PESONA

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OTHERS PESONA METRO HOLDINGS BERHAD - RECLASSIFICATION OF SINGLE TIER FINAL DIVIDEND TO SINGLE TIER INTERIM DIVIDEND FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019

PESONA METRO HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
PESONA METRO HOLDINGS BERHAD - RECLASSIFICATION OF SINGLE TIER FINAL DIVIDEND TO SINGLE TIER INTERIM DIVIDEND FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019

On 27 February 2020, Pesona Metro Holdings Berhad (“Pesona” or “the Company”) announced that the Board of Directors recommended a single tier final dividend of 1.0 sen per ordinary share in respect of the financial year ended 31 December 2019 (“Final Dividend”) subject to the approval of the shareholders at the forthcoming Annual General Meeting (“AGM”) of the Company.

 

In light of the Covid-19 pandemic and the Movement Control Order imposed by the Malaysian government as well as the subsequent directive by the Malaysian government to refrain from holding a gathering of large numbers, Pesona’s AGM date is currently being deliberated and remains uncertain. The Company is of the view that the uncertainty over its AGM date (which also creates uncertainty over its payment date of its proposed Final Dividend) is unfavourable to its shareholders as the AGM date could be deferred as long as the heightened risk of the pandemic persists.

 

Arising therefrom, to facilitate a timely dividend payment to its shareholders, the Board of Directors has resolved to reclassify the proposed Final Dividend to single tier interim dividend (“Interim Dividend”) (collectively referred to as “Reclassification of Dividend”).

 

The Company is of the view that the Reclassification of Dividend will not be prejudicial to the interest of Pesona’s shareholders as the quantum of dividend remains unchanged at 1.0 sen per ordinary share. Accordingly, the payment of the Interim Dividend will be made on 22 May 2020 to shareholders whose names appear in the Record of Depositors at the close of business on 12 May 2020. Please refer to the entitlement announcement of the Interim Dividend for further details.

 

This announcement is dated 22 April 2020.






Announcement Info

Company Name PESONA METRO HOLDINGS BERHAD
Stock Name PESONA
Date Announced 22 Apr 2020
Category General Announcement for PLC
Reference Number GA1-31032020-00032