Type | Announcement |
Subject | OTHERS |
Description |
BONIA CORPORATION BERHAD - Dividend Policy |
The Board of Directors (“Board”) of Bonia Corporation Berhad (“Company”) wishes to inform that the Company has adopted a dividend policy to distribute not less than 30% out of its consolidated profits after taxation attributable to shareholders available in each financial year in the form of dividends to the shareholders of the Company annually, commencing from the financial year ending 2023.
Such dividends will depend upon a number of factors as follows:
The declaration of interim dividends and/or the recommendation of final dividends are subject to the confirmation of the Board and to any applicable law and contractual obligations provided that such distributions would not be detrimental to the cash needs of the Company or to any plans approved by the Board. Any final dividend for a financial year is subject to shareholders’ approval.
If, after a distribution is authorised and before it is made, the Directors cease to be satisfied on reasonable grounds that the Company will be solvent immediately after the distribution is made, the Directors shall take all necessary steps to prevent the distribution from being made.
The shareholders of the Company should note that this dividend policy merely describes the Company’s present intention and shall not constitute legally binding statements in respect of the Company’s future dividends which are subject to modification (including reduction or non-declaration thereof) at the Board’s discretion.
The Dividend Policy is also available on the Company’s website, www.bonia.com.
This announcement is dated 01 June 2022. |
Company Name | BONIA CORPORATION BERHAD |
Stock Name | BONIA |
Date Announced | 01 Jun 2022 |
Category | General Announcement for PLC |
Reference Number | GA1-31052022-00005 |