OneApex Limited Declares Major Dividend Payout for FY2024 Overview Summary OneApex Limited, a company incorporated in Singapore, has announced a significant dividend payout for its shareholders. Shareholders will receive a final tax-exempt (one-tier) dividend of 1.0 Singapore cent per share and a special final tax-exempt (one-tier) dividend of 8.5 Singapore cents per share for the financial year ending 30 September 2024. This announcement follows the approval of the dividends at the company’s Annual General Meeting held on 27 January 2025. The payment is scheduled for 14 February 2025. Key Points with Supporting Evidence Dividend Payout Details: Shareholders are entitled to a cumulative dividend payout of 9.5 Singapore cents per share, combining the final dividend and the special final dividend. Evidence: “Shareholders’ entitlements to the final tax-exempt (one-tier) dividend of 1.0 Singapore cent per ordinary share… and the special final tax-exempt (one-tier) dividend of 8.5 Singapore cents per ordinary share for the financial year ended 30 September 2024.” Key Deadlines for Shareholders: Share transfer books and the Register of Members will close at 5:00 p.m. on 6 February 2025. Evidence: “The Share Transfer Books and Register of Members of OneApex Limited… will be closed at 5.00 p.m. on 6 February 2025.” Payment Date: Both the Final Dividend and Special Dividend will be paid on 14 February 2025. Evidence: “Payment of the Final Dividend and Special Dividend will be made on 14 February 2025.” Location for Share Transfer Registration: Registrable transfers must be completed and submitted to Tricor Barbinder Share Registration Services at 9 Raffles Place, Republic Plaza Tower 1 #26-01 Singapore 048619. Evidence: “Duly completed registrable transfers… received up to the close of business at 5:00 p.m. on 6 February 2025 by the Company’s Share Registrar, Tricor Barbinder Share Registration Services at 9 Raffles Place.” Analysis of Key Points The announcement of a special final dividend significantly higher than the regular final dividend is likely to attract investor attention. The special dividend of 8.5 Singapore cents per share represents a substantial reward to shareholders, reflecting strong financial performance or surplus capital from the financial year 2024. Coupled with the regular dividend, this 9.5 Singapore cents payout per share could potentially boost shareholder confidence and drive demand for the company’s stock, influencing its share price positively. However, shareholders must act promptly to ensure eligibility by meeting the 6 February 2025 deadline for share transfers. This date is critical for investors looking to capitalize on the dividend payouts. Questions for Further Research What were the financial results for FY2024 that enabled the company to declare such a significant special dividend? Is the company planning similar payouts in the future, or is this a one-time event? How will the dividend payouts impact the company’s cash reserves and financial stability? What has been the market’s reaction to this announcement in terms of share price movement?
