PETALING JAYA: Abric Bhd has announced a tax exempt special dividend of 30 sen to shareholders. The dividends go ex on Jan 21, 2015 while the entitlement date is Jan 23, 2015.
The dividends will be paid on Feb 6, 2015.
In September, Abric entered into a conditional sale and purchase agreement with Essentra Plc, a FTSE 250 company, for the disposal of its entire core business for RM146mil on a cash free and debt free basis.
With the completion of that deal, Abric becomes a ‘cash company’ within the ambit of Practice Note 16 of the Listing Requirements.
Abric said it was the board’s intention to maintain the company’s listing status. It added the board was taking the necessary actions to formulate a plan to regularise the ‘affected listed issuer’ condition of the company subsequent to the proposals. Abric is a global leading manufacturer and distributor of security sealing products and solutions for use in a diverse range of growing end-markets.
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