A cumulative gross preference dividend rate per annum of 3.8% of the Issue Price shall be payable out of the distributable profits of the Company.

The dividends for the Rights RPS, as and if declared by the Board, shall be paid every 6-monthly ending on 30th June and 31st December of each year, not later than 14 business days from the dividend date (i.e. 30th June 2021 or 31st December 2021). No dividends shall be paid on the ordinary shares of the Company unless the dividends on the Rights RPS have first been paid. 

The successive dividend period is calculated from the date immediately after the last dividend date (i.e. 1st January or 1st July) to the next dividend date (i.e. 30th June or 31st December), with the payment to be made not later than 14 business days from the relevant dividend date. The final dividend period shall be calculated from the date immediately after the last dividend date to the Maturity Date, with the payment to be made not later than 14 business days from the Maturity Date.

The Rights RPS is redeemable at 100% of the Issue Price at any time during the tenure of the Rights RPS at the option of the Company, where a written notice of not less than 14 business days must be given.

If all or any part of the Rights RPS are redeemed, the dividend shall accrue on the Rights RPS surrendered for redemption for the period commencing from the date of issue of the Rights RPS or the date immediately after the last dividend date, as the case may be, to the day (inclusive) of the date of redemption. Any unpaid declared dividends shall be paid together with the redemption price.

Any Rights RPS not redeemed by the Company or surrendered by the RPS holders at the Maturity Date shall be redeemed by our Company at 100% of the Issue Price.