BRC Asia Limited, a leading player in the construction and building materials sector, has made an important announcement regarding its proposed dividend payout for the financial year. This news could potentially influence the company’s share price, making it a noteworthy development for investors and shareholders.

Key Details About the Announcement

According to the notice, the company has scheduled a books closure date on 2 May 2025 at 5:00 p.m.. This date is critical for determining the entitlements of shareholders to the proposed dividend. Shareholders are advised to ensure that any transfers of shares are completed and received by the company’s Share Registrar, Tricor Barbinder Share Registration Services, by the cutoff time on the same date.

Additionally, shareholders whose securities accounts with The Central Depository (Pte) Limited are credited with shares as of 5:00 p.m. on 2 May 2025 will also be eligible for the proposed dividend payout.

Dividend Payment Date

The proposed dividends, subject to approval at the Annual General Meeting (AGM), are scheduled to be paid on 15 May 2025. The AGM will serve as a platform for shareholders to vote on and approve the dividend proposal. Investors should note that dividend payments are not guaranteed until shareholder approval is obtained.

Potential Impact on Share Price

This announcement may be of interest to the market, as dividend payouts can influence investor sentiment and potentially affect share prices. Dividend-yielding stocks often attract income-focused investors, and the approval of the proposed dividend could boost the stock’s attractiveness. Conversely, any unexpected developments or rejections at the AGM could lead to market volatility.

Important Note for Shareholders

Shareholders are urged to take note of the following:

• Ensure all share transfers are registered by 5:00 p.m. on 2 May 2025.
• Monitor updates from the Annual General Meeting, as the dividend payment is contingent on shareholder approval.
• Plan accordingly to maximize benefits from the proposed dividend payout if approved.