Interim Dividend


EX-date 03 Jan 2017
Entitlement date 05 Jan 2017
Entitlement time 04:00 PM
Entitlement subject Interim Dividend
Entitlement description An Interim Single-tier Tax-exempt Dividend of 2 sen per ordinary share
Period of interest payment   to  
Financial Year End 31 Dec 2016
Share transfer book & register of members will be 05 Jan 2017   to   05 Jan 2017 closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no SYMPHONY SHARE REGISTRARS SDN BHD Level 6, Symphony House Pusat Dagangan Dana 1 Jalan PJU 1A/46 47301Petaling Jaya Tel:0378490777 Fax:0378418151
Payment date 19 Jan 2017
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 05 Jan 2017
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 indicator Currency
Currency Malaysian Ringgit (MYR)
Entitlement in Currency 0.02
Par Value Malaysian Ringgit (MYR) 1.000

Remarks :
As stated in Section 10.6 of our Prospectus dated 31 December 2015, we propose to pay dividends out of cash generated from operations after setting aside the necessary funding for capital expenditure and working capital needs.  As part of this policy, we target a long-term payout ratio of between 50% and 70% of the Companys profit attributable to our equity holders for the year, subject to the confirmation of our Board and to any applicable law and contractual obligations and provided such distribution will not be detrimental to our Groups cash requirements or to any plans approved by our Board.  In this respect, the Board intends to recommend a dividend payout of a minimum of 70% of the Company's profit attributable to the equity holders for the year ending 31 December 2016.

In line with this commitment, the Company had made a first interim dividend payment of 1.8 sen per share on 28 September 2016 and is now declaring a second interim dividend of 2.0 sen per share.  Therefore, by the payment date of 19 January 2017, the Company would have made a total interim dividend payment of 3.8 sen per share.

It is the Company's intention to make a dividend payout of a minimum of 70% of the Company's profit attributable to the equity holders for the year ending 31 December 2016.

Announcement Info

Stock Name RANHILL
Date Announced 19 Dec 2016
Category Entitlement(Notice of Book Closure)
Reference Number ENT-19122016-00002

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