LHN Limited Declares Final Dividend for FY2024

LHN Limited, a prominent name on the Hong Kong and Singapore stock exchanges, has announced its final dividend for the financial year ending 30 September 2024. Shareholders and potential investors should take note of the following details, as these developments could potentially impact share prices.

Key Dividend Details

• Dividend Type: Final
• Dividend Nature: Ordinary
• Declared Amount: SGD 0.01 per share
• Equivalent in Hong Kong Dollars (HKD): HKD 0.0578 per share (based on an exchange rate of SGD 1 : HKD 5.78)

Important Dates for Shareholders

Investors should be aware of the following timeline to ensure eligibility for the dividend:

• Ex-Dividend Date: 6 February 2025
• Latest Time to Lodge Transfer Documents: 7 February 2025 at 16:30
• Record Date: 7 February 2025 (clarified as the correct date, despite being marked as 11 February 2025 for indication purposes)
• Book Closure Period: 10 February 2025 to 11 February 2025
• Payment Date: 21 February 2025

Shareholder and Investor Considerations

Shareholders should note that the payment of the final dividend is subject to shareholder approval, with the date for this approval yet to be announced. Additionally, no withholding tax will be applied to the declared dividend, making it potentially more attractive to investors seeking tax-efficient returns.

Administrative Details

The dividend will be managed through LHN Limited’s Hong Kong share registrar:

Board of Directors

As of the announcement date, the board of directors of LHN Limited includes the following members:

• Executive Directors: Mr. Lim Lung Tieng, Ms. Lim Bee Choo
• Independent Non-Executive Directors: Ms. Ch’ng Li-Ling, Mr. Yong Chee Hiong, Mr. Chan Ka Leung Gary

Potential Impact on Share Value

This dividend announcement could influence LHN Limited’s share price in the short term, as it reflects the company’s financial health and commitment to returning value to its shareholders. The ex-dividend date, in particular, often sees fluctuations in the share price as it indicates the cutoff for dividend eligibility. Investors are advised to monitor market movements closely.

Additionally, the clarity provided on the record date (correctly identified as 7 February 2025) helps eliminate confusion, ensuring that investors know exactly when to hold shares to qualify for the dividend.

Disclaimer

This article is for informational purposes only and does not constitute financial advice. Investors are encouraged to perform their own due diligence and consult with a financial advisor before making investment decisions.