BRC Asia Limited Announces Proposed Dividend – Key Dates for Shareholders

BRC Asia Limited, a prominent Singapore-based company, has issued a formal notice regarding the proposed distribution of dividends to its shareholders. This announcement, which is subject to shareholder approval during the Annual General Meeting, outlines critical dates and procedural details that investors should take note of.

Key Highlights of the Announcement

• Dividend Proposal: The company intends to distribute dividends to its shareholders, contingent upon approval at the upcoming Annual General Meeting.
• Books Closure Date: The Register of Members and Share Transfer Books will close on 2 May 2025 at 5:00 p.m. to determine shareholder entitlements.
• Eligibility Criteria: Shareholders must ensure that their shares are registered with the company’s Share Registrar, Tricor Barbinder Share Registration Services, or credited to their securities accounts with The Central Depository (Pte) Limited by the specified date and time.
• Dividend Payout Date: If approved, the proposed dividends will be disbursed on 15 May 2025.

Important Notes for Shareholders

For shareholders, the timing of share transfers and registrations is critical. Duly completed transfers of shares must be received by the company’s Share Registrar, located at 9 Raffles Place #26-01 Republic Plaza, Singapore 048619, no later than 5:00 p.m. on 2 May 2025. Similarly, shareholders with securities accounts at The Central Depository (Pte) Limited must ensure their accounts are credited with shares by the same deadline to qualify for the dividend payout.

The announcement of dividends often has the potential to influence share prices positively, as it signals the company’s financial health and its commitment to returning value to shareholders. Investors are advised to monitor BRC Asia Limited’s stock performance closely as the Annual General Meeting and proposed payout dates approach.

Timeline At a Glance

• Annual General Meeting: Approval of proposed dividends.
• Books Closure Date: 2 May 2025 at 5:00 p.m.
• Dividend Payout Date: 15 May 2025 (subject to approval).

Potential Impact on Share Prices

Dividend announcements are often price-sensitive, as they reflect a company’s profitability and willingness to distribute earnings. If approved, the proposed dividends could influence investor sentiment and trading activity surrounding BRC Asia Limited’s shares. Shareholders and potential investors should stay vigilant for updates on the outcome of the Annual General Meeting and any subsequent announcements.

Additionally, those looking to benefit from the dividends must ensure compliance with the eligibility criteria outlined in the company’s notice.

Disclaimer

This article is for informational purposes only and should not be construed as financial advice. Investors are encouraged to consult with a financial advisor or conduct their own research before making investment decisions. The information provided herein is based on the official notice issued by BRC Asia Limited as of 10 January 2025 and is subject to change.