LHN Limited Announces Final and Special Dividends for 2024; Potential Impact on Share Price

LHN Limited, a company incorporated in Singapore, has announced its intention to distribute a tax-exempt final dividend of S\$0.01 (equivalent to HK\$0.0578) per share and a special dividend of the same amount for the financial year ending 30 September 2024. Both dividend payments are subject to the approval of shareholders at the annual general meeting (AGM) scheduled for 24 January 2025.

Upon receiving shareholder approval, the final dividend will be disbursed on 21 February 2025 to shareholders listed on the register by the close of business on 7 February 2025. The special dividend is slated for payment on 30 May 2025, with eligibility determined based on the register as of 10 April 2025.

The Company offers shareholders an option to receive the special dividend as scrip shares, cash, or a combination of both through the Scrip Dividend Scheme. This scheme, however, is contingent on securing necessary approvals from both the AGM and relevant stock exchanges.

Shareholders in Singapore and Hong Kong should take note of registration deadlines to ensure eligibility for the dividends. Singapore shareholders must ensure their transfers are completed by 7 February 2025 for the final dividend, and by 10 April 2025 for the special dividend. Hong Kong shareholders, meanwhile, need to lodge their transfers with the Company’s registrar by the same respective dates.

This announcement carries potential implications for LHN Limited’s share value, as dividend distributions and shareholder options may affect market perceptions and trading activity. Investors should monitor further developments closely, especially regarding approvals for the Scrip Dividend Scheme.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors are advised to conduct their own research or consult a financial advisor before making investment decisions.

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