OTHERS Adoption of Dividend Policy


Type Announcement
Subject OTHERS
Adoption of Dividend Policy

The Board of Directors ("Board") of OneTech Solutions Holdings Berhad ("OneTech" or the "Company") wishes to announce that the Company has on even date adopted a dividend policy to reward shareholders in line with the performance of OneTech as well as keeping sufficient reserves for future growth.


Barring any unforeseen circumstances, OneTech targets a payout ratio of at least 25% of its audited consolidated profit after tax attributable to the shareholders of the Company for each financial year, after excluding non-operating income that is capital in nature (“Dividend Policy”). The Dividend Policy will take effect from the financial year ending 31 December 2021.


The declaration of interim dividends and the recommendation of final dividends are subject to the discretion of the Board and any final dividend for a financial year is subject to shareholders’ approval. Any dividend declaration and payment will depend on various factors, including the level of cash, financial performance, operating conditions, capital requirements, future expansion plans, working capital requirements, distributable reserves as well as any contractual obligations of OneTech and its subsidiaries, the general economic condition, and other factors considered relevant by the Board.


The Dividend Policy reflects the present intention of the Board to continue to reward the shareholders of the Company and shall not constitute legally binding statements in relation to the Company's future dividends which are subject to modification (including reduction or non-declaration thereof) at the Board's discretion.



This announcement is dated 24 November 2021. 

Announcement Info

Stock Name 1TECH
Date Announced 24 Nov 2021
Category General Announcement for PLC
Reference Number GA1-24112021-00032