KPS

0.980

-0.005 (-0.5%)

OTHERS KUMPULAN PERANGSANG SELANGOR BERHAD ("KPS" or "the Company") - DIVIDEND POLICY

KUMPULAN PERANGSANG SELANGOR BERHAD

Type Announcement
Subject OTHERS
Description
KUMPULAN PERANGSANG SELANGOR BERHAD ("KPS" or "the Company") - DIVIDEND POLICY

The Board of Directors of the Company is pleased to announce that it has on 30 March 2021 approved a dividend policy (“Policy”) under which the Company intends to pay at least 30% of the Group’s normalised Profit after Taxation and Minority Interest (“PATAMI”) annually.

 

The Policy, which takes effect immediately, serves as a guideline to ensure that future dividends are declared in reflection of the Group’s financial position, operating performance, future investment needs, and other factors deemed relevant to the Group. This is to ensure stable and sustainable returns to shareholders. The dividend declaration and payment will either be in an interim or final dividend, subject to the Board’s and shareholders’ approval, respectively, and in compliance with the Companies Act 2016 and KPS's financial authority limit.

 

The adoption of the Policy is a significant milestone for KPS, validating the business’ overall strength and sustainability.  It also reflects the Board’s confidence in the Group and its commitment to reward shareholders for their ownership and support, expecting KPS to continue to create value, improve earnings visibility and generate sustainable cash flows, moving in parallel to the Group’s our long-term business strategy of enhancing its fundamentals and accelerating the delivery of all our subsidiary companies.

 

The Dividend Policy will be reviewed annually.

 

A copy of the Dividend Policy is attached hereto for reference.

 

This announcement is dated 30 March 2021.




Please refer attachment below.

Attachments

Dividend Policy.pdf
97.8 kB

Press Release.pdf
411.4 kB



Announcement Info

Company Name KUMPULAN PERANGSANG SELANGOR BERHAD
Stock Name KPS
Date Announced 30 Mar 2021
Category General Announcement for PLC
Reference Number GA1-30032021-00087