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You are here :: Home Investor Relations Announcements Tuan Sing Holdings Limited

3 May 2010

First And Final Dividend For The Financial Year Ended 31 Dec 2009 - Issue Price Of New Shares For Scrip Dividend

Tuan Sing Holdings Limited (the “Company”) wishes to announce that for the application of the Tuan Sing Holdings Limited Scrip Dividend Scheme (the “Scheme”) to the first and final tax exempt one-tier dividend of 0.3 cent per ordinary share in the capital of the Company (the “Dividend”), each new ordinary share is to be issued at S$0.21.   The said issue price is arrived at after a 9% discount to the average of the last dealt prices of the Company’s shares for each of the market days during the price determination period commencing on 28 April 2010 (the Ex-dividend Date) and ending on 30 April 2010 (the “Books Closure Date”) (both dates inclusive), which was S$0.23.  Entitlements to the Dividend were based on the shares held by Members as at 5.00 p.m. on the Books Closure Date.

Members approved the Dividend and the allotment and issuance of new shares pursuant to the Scheme at the Company’s Annual General Meeting held on 23 April 2010.

Members are advised to take note of the following important dates and events:-

Indicative Date                          Event
12 May 2010 (Wednesday)        Dispatch of Notices of Election
25 May 2010 (Tuesday)             Last day for eligible Members to submit     
                                               Notices of Election
18 June 2010 (Friday)                Dividend Payment Date (for cash and
                                               shares)
21 June 2010 (Monday)             Listing of new shares

All reference to dates and times are made by reference to Singapore dates and times.

Details of the Scheme were announced on 18 December 2009, which is available on www.sgx.com or the Company’s website at www.tuansing.com. 

For enquiries, Members may contact the Company at telephone number (65) 6223 7211.

Submitted by Mary Goh Swon Ping, Company Secretary, by order of the Board on 03/05/2010 to the SGX-ST




 
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