Transport International Holdings Limited announced the detailed terms of its scrip dividend scheme accompanying the HK$0.50 per-share final dividend for the financial year ended 31 December 2025. Eligible shareholders recorded on 20 May 2026 can choose to receive the dividend:
• Entirely in cash (HK$0.50 per share); • Entirely in new shares; or • A combination of cash and new shares.
Key parameters:
1. Scrip pricing • Issue price of new shares: HK$9.72, based on the average closing price from 18–22 May 2026. • Exchange ratio: one new share for every 19.44 existing shares elected for scrip (HK$0.50 ÷ HK$9.72).
2. Potential dilution • Shares in issue at record date: 535.14 million. • If all eligible shareholders opt for scrip, a maximum of 27.50 million new shares could be issued, expanding the share base by approximately 4.89%.
3. Cash outflow implication • Full cash election would require a dividend payment of about HK$267.57 million.
4. Timetable highlights • Ex-dividend date: 18 May 2026. • Record date: 20 May 2026. • Dispatch of election forms and circular: 1 June 2026. • Election deadline: 4:30 p.m., 16 June 2026. • Dispatch of share certificates and dividend cheques: 29 June 2026. • Expected first trading day for new shares: 30 June 2026.
5. Eligibility constraints • Shareholders with registered addresses in the United States are excluded from the scrip option and will receive cash dividends only. • Investors in other jurisdictions must ensure compliance with local regulations before electing new shares.
6. Listing status • The scheme is contingent on the Hong Kong Stock Exchange approving the listing of the new shares. Upon approval, the shares will be admitted into CCASS for clearing and settlement.
Shareholders who wish to receive all or part of their dividend in shares must complete and return the election form to Computershare Hong Kong Investor Services by the stated deadline. Failure to respond will result in the dividend being paid wholly in cash.
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