Unisem reclassifies proposed final dividend as interim dividend

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

Via filings with Bursa Malaysia, Unisem said the dividend was subject to shareholders’ approval at its AGM, but it is now uncertain when the meeting can convene, hence the reclassification.

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

Unisem shares closed down seven sen or 4.24% at RM1.58 apiece after 2.48 million shares were done, valuing the company at RM1.16 billion.