Unisem reclassifies proposed final dividend as interim dividend

KUALA LUMPUR (March 31): Unisem (M) Bhd’s board of directors has resolved to reclassify its proposed final dividend of 2 sen per share for the financial year ended Dec 31, 2019 (FY19) as an interim dividend instead, as the company is unable to set a date for its annual general meeting (AGM), owing to the ongoing Movement Control Order.

In Bursa filings, the company said the dividend was subject to the approval of shareholders at its AGM, but it remains uncertain when the meeting can convene, hence the reclassification.

The dividend now has an entitlement date of April 14 and is payable on April 29.

At the 12.30pm market break, its shares closed down 7 sen or 4.24% at RM1.58 apiece, with 965,600 shares traded, valuing the company at RM1.16 billion.