Interim Dividend



Entitlement date24/12/2007
Entitlement time05:00:00 PM
Entitlement subjectInterim Dividend
Entitlement descriptionInterim dividend of 1.5 sen per share less 26% income tax for the financial year ending 31 May 2008
Period of interest payment to
Financial Year End31/05/2008
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone noPFA Registration Services Sdn Bhd
Level 13, Uptown 1
No.1 Jalan SS21/58, Damansara Uptown
47400 Petaling Jaya, Selangor Darul Ehsan, Malaysia

Tel : 03 - 7718 6000
Payment date 08/01/2008
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers24/12/2007 
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit 
c.Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable) 
Entitlement indicatorRM
Entitlement in RM (RM)0.015

Remarks :
On 11 October 2007, the Company had proposed to dispose of its switchgear business to Larsen & Toubro Limited for a total consideration of RM378.0 million ("the Proposed Disposal"). The Proposed Disposal is expected to result in a one-time group gain on disposal of approximately RM149 million. Presently, the Company still needs to fulfill all conditions precedent as stipulated in the share sale agreement to complete the transaction, which is expected within the first half of 2008.

During this intervening period, the Board is pleased to declare the payment of an interim dividend of 1.5 sen less 26% tax of RM2,880,313-69. This is the maiden dividend declared by the Company since its listing in 2004.

Subject to the necessary approvals being obtained the net proceeds from the Proposed Disposal, after settlement of liabilities, will be returned to the shareholders. Upon completion of the transaction, the Company intends to maximize the payment of dividends up to the availability of the eventual distributable profits.

The Board would like to reinforce its commitments towards shareholders and take this opportunity to thank the shareholders for their loyalty, patience and unwavering support.

This announcement is dated 7 December 2007.

Announcement Info

Stock Name TAMCORP    
Date Announced7 Dec 2007  
CategoryEntitlements (Notice of Book Closure)
Reference NoTC-071206-35667

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