OTHERS SUPERLON HOLDINGS BERHAD ("SUPERLON" OR "THE COMPANY") DIVIDEND POLICY

SUPERLON HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
SUPERLON HOLDINGS BERHAD ("SUPERLON" OR "THE COMPANY")
DIVIDEND POLICY

The Board of Directors (“Board”) of Superlon Holdings Berhad (“Superlon”) is pleased to announce that the Company will adopt a dividend policy to allow shareholders to participate in the profits of Superlon, as well as keeping sufficient reserves for future growth.

Barring any unforeseen circumstances, Superlon targets a payout ratio of at least 30% of its audited consolidated profit after taxation attributable to shareholders for each financial year, after excluding non-operating income that is capital in nature. This dividend policy will take effect from the financial year ending 30 April 2018.

The declaration of interim dividends and the recommendation of final dividends are subject to the discretion of the Board and any final dividend for the year is subject to shareholders’ approval. Any dividend payment will depend on various factors, including Superlon’s earnings, operating conditions, capital requirements, future expansion plans, general economic condition and working capital requirements, the Company’s distributable reserves, any contractual obligations and other factors considered relevant by the Board.

The dividend policy reflects the Board’s intention to continue to reward the shareholders and does not constitute a legally binding statement in respect of 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 20 June 2017. 






Announcement Info

Company Name SUPERLON HOLDINGS BERHAD
Stock Name SUPERLN
Date Announced 20 Jun 2017
Category General Announcement for PLC
Reference Number GA1-20062017-00076