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OTHERS SILK HOLDINGS BERHAD ("SHB" OR THE "COMPANY") (I) PROPOSED DIVIDEND REINVESTMENT PLAN (II) PROPOSED SHARE BUY-BACK

SILK HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description 
SILK HOLDINGS BERHAD ("SHB" OR THE "COMPANY")

(I)  PROPOSED DIVIDEND REINVESTMENT PLAN
(II) PROPOSED SHARE BUY-BACK

On behalf of the Board of Directors of SHB (“Board”), Affin Hwang Investment Bank Berhad and Astramina Advisory Sdn Bhd are pleased to announce that SHB is proposing to:

 

(i) undertake a dividend reinvestment plan that gives its shareholders the option to reinvest their cash dividend(s) declared by SHB (either an interim, final, special or any other cash dividend) in new ordinary shares in SHB (“Proposed DRP”); and

 

(ii)  seek its shareholders' approval for the authority to purchase up to 10% of the issued share capital of the Company as at the point of purchase ("Proposed Share Buy-Back").

 

The Proposed DRP and Proposed Share Buy-Back shall be collectively referred to as the “Proposals”.

 

Please refer to the attachment for further information on the Proposals.

 

This announcement is dated 18 May 2017.


Please refer attachment below.

Attachments

SHB - Proposals (20170518).pdf
67.8 kB


Announcement Info

Company Name SILK HOLDINGS BERHAD
Stock Name SILKHLD
Date Announced 18 May 2017
Category General Announcement for PLC
Reference Number GA1-18052017-00075




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