Thursday 28 Mar 2024
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KUALA LUMPUR (Oct 6): Supermax Corp Bhd plans to pay a single-tier final dividend of three sen a share to reward shareholders. The rubber glove manufacturer also intends to seek a renewal of shareholders' mandate for the company to buy back its own shares.

In separate statements to Bursa Malaysia today, Supermax said it will seek shareholders' approval at the company's annual general meeting for the planned dividend and share buy-back.

"The proposed entitlement and payment dates for the final dividend shall be determined at a later date and announced accordingly," Supermax said. The company said the dividend is for financial year ended June 30, 2017.

On its share buy-back, Supermax said it plans to purchase up to 10% of the company's issued share capital. At Bursa Malaysia today, Supermax shares settled at RM1.76 at 12:30pm for a market value of RM1.17 billion.

Supermax has an issued capital of 662.91 million shares.

 

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