Asiaone 1-42
Asiaone 1-42
Asiaone 1-42
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DIVIDEND POLICY<br />
We have never declared or paid any cash dividends on our ordinary shares. We do not currently<br />
anticipate paying any cash dividends in FY2000.<br />
We have a dividend policy which commensurates with our earnings, financial position and future<br />
plans.<br />
We may, by ordinary resolution, declare dividends at a general meeting, but we may not pay dividends<br />
in excess of the amount recommended by our Directors. Our Directors may declare an interim<br />
dividend without seeking shareholders’ approval.<br />
In making their recommendation on the amount of the final dividend or to declare an interim dividend,<br />
our Directors will consider, among other things,<br />
• our future prospects;<br />
• our results of operations, cash flow and financial conditions;<br />
• our capital requirements;<br />
• general business conditions; and<br />
• other factors which our Directors may deem relevant.<br />
We must pay all dividends out of profits, which would generally comprise retained earnings, or<br />
pursuant to Section 69(2)(c) of the Companies Act, which permits the application of the share premium<br />
attributable to our issued ordinary shares to the payment of dividends in the form of shares.<br />
We will pay any cash dividends on our Shares in Singapore dollars.<br />
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