Transport International Holdings Announces Scrip Dividend Scheme for FY2025 Final Dividend
Key Points and Details for Investors
- Final Dividend Declared: Transport International Holdings Limited (“the Company”; HKEX: 62) has announced a final dividend of HK\$0.5 per share for the year ended 31 December 2025. The dividend will be payable on Monday, 29 June 2026 to shareholders on record as at Wednesday, 20 May 2026.
- Scrip Dividend Scheme Offered: Shareholders can elect to receive the final dividend either wholly in cash, wholly in new shares (“New Shares”), or a combination of both. The scrip alternative allows investors to receive New Shares in lieu of cash without incurring brokerage fees, stamp duty, or related dealing costs.
- Pricing of New Shares: The price for the New Shares under the Scrip Dividend Scheme is set at HK\$9.72 per share, calculated as the average closing price for the five consecutive trading days from 18 May 2026 to 22 May 2026. The number of New Shares allotted will be rounded down to the nearest whole number, with fractional entitlements disregarded and accruing to the Company.
- Maximum Dilution: If all shareholders opt for New Shares, a maximum of 27,499,682 New Shares could be issued, representing a potential dilution of approximately 5.14% of the existing issued share capital, and 4.89% immediately after the issue.
- Eligibility: Only shareholders whose names appear on the register on the Record Date are eligible, except those in the United States who will receive the dividend wholly in cash due to legal restrictions.
- Timetable:
- Last day to deal in shares cum-entitlement: Friday, 15 May 2026
- Shares trade ex-entitlement: Monday, 18 May 2026
- Record Date: Wednesday, 20 May 2026
- Announcement of scrip share basis: Friday, 22 May 2026
- Despatch of circular & Election Form: Monday, 1 June 2026
- Deadline to return Election Form: 4:30 p.m., Tuesday, 16 June 2026
- Despatch of share certificates/cheques: Monday, 29 June 2026
- First day of dealing in New Shares: Tuesday, 30 June 2026
- Action Required:
- To receive cash only: No action needed (do not return the Election Form).
- To receive New Shares only: Sign, date, and return the Election Form.
- To receive part cash/part shares: Enter the number of shares for scrip option, sign, date, and return the Election Form.
- Failure to return the form by the deadline will result in payment wholly in cash.
- Jurisdictional Restrictions: Shareholders in the United States are excluded. Additional restrictions or disclosures apply to shareholders in Australia, Canada, the Philippines, Singapore, Taiwan, and the UK. Shareholders are advised to consult professional advisers regarding legal or tax consequences.
- Odd Lot Trading: New Shares may be issued in odd lots, which typically trade at a discount. No special arrangements will be made for the trading of odd lots.
- Listing and Settlement: Listing approval for the New Shares has been sought. New Shares will be accepted into CCASS for clearing and settlement. No other stock exchange listing is being sought.
- Price Sensitive Implications: The scrip dividend scheme may impact the share price due to the potential dilution effect and the change in cash reserves if a significant number of shareholders opt for New Shares. Investors should carefully consider their own circumstances and seek professional advice where necessary.
Conclusion and Recommendations
The Scrip Dividend Scheme provides shareholders with flexibility and the opportunity to increase their stake in the Company without incurring transaction costs, while enabling the Company to conserve cash. However, the potential dilution from new share issuance and the impact on cash reserves could be price sensitive. The choice between cash and shares should be assessed based on individual investment objectives and tax positions.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. Investors are advised to consult their professional advisers before making any investment or election decisions regarding the scrip dividend scheme.
九巴國際控股（62）發佈2025年度末期股息供股計劃
重點及投資者須知詳情
- 末期股息宣佈： 九巴國際控股有限公司（「公司」；港交所：62）已宣佈截至2025年12月31日止年度的末期股息，每股派發港幣0.5元。將於2026年6月29日星期一派發，記錄日期為2026年5月20日（星期三）。
- 供股選擇： 股東可選擇以現金、全數新股份（「新股」）或現金與新股混合收取末期股息。供股選擇讓股東免手續費、印花稅等成本下增持股份。
- 新股份定價： 新股價格定於每股港幣9.72元，按2026年5月18日至5月22日五個交易日收市價平均計算。分派新股時會向下取整至最接近整數，零碎股權將歸公司所有。
- 最大攤薄： 若所有股東選擇新股，最多將發行27,499,682股新股，佔現有已發行股本約5.14%，發行後佔比約4.89%。
- 合資格股東： 除美國股東外，2026年5月20日登記冊上的股東均可參與。美國股東僅可收現金。
- 重要時間表：
- 最後除權交易日：2026年5月15日（星期五）
- 除權首日：2026年5月18日（星期一）
- 記錄日期：2026年5月20日（星期三）
- 供股基準公佈：2026年5月22日（星期五）
- 派發通函及選擇表格：2026年6月1日（星期一）
- 遞交選擇表格截止：2026年6月16日（星期二）下午4:30
- 新股證書/現金支票寄出：2026年6月29日（星期一）
- 新股份首日買賣：2026年6月30日（星期二）
- 股東需採取行動：
- 只收現金：無需任何行動（毋須交回選擇表格）。
- 只收新股：簽署、填寫及交回選擇表格。
- 部分現金、部分新股：在表格填上欲收新股之股份數目，簽署及交回。
- 未於限期內交回，將全數現金派息。
- 地區限制： 美國股東不能參與供股，澳洲、加拿大、菲律賓、新加坡、台灣及英國股東亦有特別法律限制，須諮詢專業人士。
- 碎股買賣： 新股可能屬零碎股數，通常較整手交易折讓。公司不設特別安排處理碎股。
- 上市及結算： 公司已申請新股上市，並可於CCASS結算。現無計劃於其他交易所上市。
- 對股價的影響： 供股計劃或帶來潛在攤薄效應，若大量股東選擇新股，亦可能影響公司現金水平，均屬潛在價格敏感信息。投資者應因應個人情況審慎選擇，必要時諮詢專業意見。
總結及建議
供股計劃為股東提供靈活性及增持機會，同時讓公司保留現金資源。不過，潛在攤薄及現金流變動或會影響股價。股東應考慮個人投資目標及稅務情況，作出最合適選擇。
免責聲明
本文僅供參考，並不構成投資建議。投資者應諮詢專業顧問，方作任何有關供股計劃的決定。
