UEMS

0.990

-0.04 (-3.9%)

OTHERS UEM SUNRISE BERHAD ("UEM SUNRISE" OR "COMPANY") REVISED DIVIDEND POLICY

UEM SUNRISE BERHAD

Type Announcement
Subject OTHERS
Description
UEM SUNRISE BERHAD ("UEM SUNRISE" OR "COMPANY")
REVISED DIVIDEND POLICY

Our announcement dated 12 June 2012 on the Dividend Policy refers.

UEM Sunrise wishes to announce that the Board of Directors has approved a revision to the Company’s dividend policy to ensure sustainable long-term returns to shareholders as follows:

Previous Dividend Policy approved on

12 June 2012

Revised Dividend Policy approved on

27 February 2024

Payout of 20% to 40% of the Group’s consolidated realised Profit After Tax and Non-Controlling Interests (“PATANCI”), subject to among others, availability of distributable reserves and adequate free cash flow from operations.

 

Payout of 40% to 60% of the Group’s consolidated Profit After Tax and Non-Controlling Interests (“PATANCI”), subject to among others, availability of distributable reserves and adequate free cash flow from operations.

 

The Company will maintain the dividend policy subject to ongoing assessment depending on the availability of distributable reserves as well as the Company's future cash flow requirements and market conditions.

This announcement is dated 27 February 2024.






Announcement Info

Company Name UEM SUNRISE BERHAD
Stock Name UEMS
Date Announced 27 Feb 2024
Category General Announcement for PLC
Reference Number GA1-27022024-00089