Why some listed issuers published the "inside information" announcement when they adopted their dividend policy?
Pursuant to item 35 of the Guidelines on Disclosure of Inside Information published by the SFC, changes to the dividend policy is listed as one of the examples of possible inside information concerning the corporation. Hence, some listed issuers published the inside information announcement pursuant to MB L.R. 13.09.
Most listed issuers which already have a dividend policy in place or have a consistent dividend payment history would only disclose their dividend policy in the annual report but they would not publish any inside information announcement.
Why some listed issuers published the "inside information" announcement when they adopted their dividend policy?
Pursuant to item 35 of the Guidelines on Disclosure of Inside Information published by the SFC, changes to the dividend policy is listed as one of the examples of possible inside information concerning the corporation. Hence, some listed issuers published the inside information announcement pursuant to MB L.R. 13.09.