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NewsGlenealy declares special interim dividend of 52.75 sen a share (2372)
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Glenealy declares special interim dividend of 52.75 sen a share (2372)
by hlk Tue 11 Sep 2012, 23:34
KUALA LUMPUR: Glenealy Plantations (Malaya) Bhd
declared a special interim dividend of 52.75 sen a share for the
financial year ended June 30, 2012 in a move to appease minority
shareholders unhappy with the proposed privatisation exercise.
The plantations company said on Tuesday the amount to be paid out under this special interim dividend would total RM60.18mil.
Glenealy
said this was in addition to the interim dividend of 5.0 sen per share
less tax and the single tier tax exempt interim dividend of 3.5 sen per
share declared on Aug 30, 2012.
It said the 52.75 sen dividend
was declared following the "numerous feedback" from the scheme
shareholders that the cash balance in the company was accumulated when
they were shareholders.
"The board has considered such views and
agreed that there is merit in them and is therefore pleased to declare
a special single tier interim dividend of 52.75 sen per share," it
said.
declared a special interim dividend of 52.75 sen a share for the
financial year ended June 30, 2012 in a move to appease minority
shareholders unhappy with the proposed privatisation exercise.
The plantations company said on Tuesday the amount to be paid out under this special interim dividend would total RM60.18mil.
Glenealy
said this was in addition to the interim dividend of 5.0 sen per share
less tax and the single tier tax exempt interim dividend of 3.5 sen per
share declared on Aug 30, 2012.
It said the 52.75 sen dividend
was declared following the "numerous feedback" from the scheme
shareholders that the cash balance in the company was accumulated when
they were shareholders.
"The board has considered such views and
agreed that there is merit in them and is therefore pleased to declare
a special single tier interim dividend of 52.75 sen per share," it
said.
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