For issuance of scrip shares, when should listing approval be sought?
After the submission deadline of the scrip dividend election form, the registrar will tabulate how many shareholders choose scrip and how many choose cash dividend. Upon ascertaining the number of scrip shares to be alloted, listing application (Form C1) should be submitted (which should be at least FOUR CLEAR BUSINESS DAYS before the proposed date for issuing the securities). After listing approval is obtained, the registrar will then allot the scrip shares and despatch the share certificates to the shareholders which choose scrip dividend.
For issuance of scrip shares, when should listing approval be sought?
After the submission deadline of the scrip dividend election form, the registrar will tabulate how many shareholders choose scrip and how many choose cash dividend. Upon ascertaining the number of scrip shares to be alloted, listing application (Form C1) should be submitted (which should be at least FOUR CLEAR BUSINESS DAYS before the proposed date for issuing the securities). After listing approval is obtained, the registrar will then allot the scrip shares and despatch the share certificates to the shareholders which choose scrip dividend.