Special Dividend Announcement by LHN Limited: Potential Impact on Shareholders

LHN Limited has made a significant announcement regarding a special dividend for the financial year ending 30 September 2024. The company declared a special dividend of SGD 0.01 per share, with a default payment option in cash. Shareholders have the option to convert this cash dividend into scrip shares, though the price for conversion is yet to be announced.

This announcement, dated 26 November 2024, comes with several key details that shareholders need to be aware of, which could potentially influence the company’s share value:

• The default currency for dividend payment is HKD, with a rate of HKD 0.0578 per share, based on an exchange rate of SGD 1: HKD 5.78.
• The ex-dividend date is set for 09 April 2025, and shareholders must lodge their transfer documents by 10 April 2025, 16:30, to determine entitlement.
• The book close period spans from 11 April 2025 to 14 April 2025, with the record date marked as 14 April 2025 for indication purposes. However, the actual record date is 10 April 2025.
• The payment date for the dividend is scheduled for 30 May 2025.
• Tricor Investor Services Limited in Hong Kong will manage the share registration.

Importantly, there is no withholding tax applied to the dividend declared, and there are no listed warrants or convertible securities issued by LHN Limited.

The board of directors of LHN Limited comprises Mr. Lim Lung Tieng and Ms. Lim Bee Choo as executive directors, with Ms. Ch’ng Li-Ling, Mr. Yong Chee Hiong, and Mr. Chan Ka Leung Gary serving as independent non-executive directors.

This dividend announcement, particularly the option for scrip shares and the exchange rate used, may be price-sensitive and could potentially affect the company’s share value. Shareholders and potential investors should monitor these developments closely.

Disclaimer: This article is based on an announcement by LHN Limited and aims to provide information to shareholders. It should not be considered as financial advice. Shareholders are encouraged to conduct their own research or consult financial advisors for investment decisions.