ST Group Food Industries Announces Final Dividend for FY2024

ST Group Food Industries Holdings Limited (“the Company”) has announced a final dividend of A\$0.0016 per ordinary share for the financial year ended 30 June 2024. This announcement was made following the approval by shareholders at the Company’s annual general meeting held on 30 October 2024.

Key Points for Shareholders

• The Share Transfer Books and Register of Members will be closed on 8 November 2024 at 5.00 p.m. to determine shareholders’ entitlement to the dividend.
• Duly completed registrable transfers must be received by the Company’s Share Registrar, Boardroom Corporate & Advisory Services Pte. Ltd., by 5.00 p.m. on 8 November 2024 for the shareholders to be eligible for the dividend.
• Members with securities accounts credited with ordinary shares in the capital of the Company at 5.00 p.m. on 8 November 2024 will be entitled to the dividend.
• The dividend will be paid on 22 November 2024 in Singapore Dollar. The exchange rate for the payment will be announced in due course.

Potential Impact on Share Values

This final dividend declaration could potentially influence the Company’s share price as it offers value to shareholders who are entitled to the dividend. Investors often view dividend announcements as a sign of financial health and stability, which may attract more interest in the Company’s shares.

The Company also clarified that the final dividend declared is A\$0.0016 (or 0.16 Australian cent) per ordinary share, net of tax after the deduction of applicable Australian corporate tax.

BY ORDER OF THE BOARD

Saw Tatt Ghee
Executive Chairman and CEO
30 October 2024

This announcement has been reviewed by the Company’s Sponsor, Hong Leong Finance Limited. It has not been examined or approved by the Exchange, and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Ms. Vera Leong, Vice President, Hong Leong Finance Limited, at 16 Raffles Quay, #01-05 Hong Leong Building, Singapore 048581, telephone (+65) 6415 9881.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult a financial advisor before making any investment decisions.