Xinyi Energy Holdings has unveiled details of its Scrip Dividend Scheme for the FY2025 final dividend, offering shareholders the choice between cash or new shares.
Key Terms of the Scrip Dividend Scheme • Final Dividend: HK$0.036 per share for the year ended 31 December 2025. • Election Options: 1) Entirely in cash; 2) Entirely in new fully-paid shares (“Scrip Shares”); or 3) A combination of cash and Scrip Shares.
Pricing and Allotment • Issue Price (Market Value) of Scrip Shares: HK$1.12, set at 95% of the average closing price over 2–8 June 2026 (average HK$1.184). • Conversion Formula: For every share elected, shareholders receive Scrip Shares calculated as: (0.036 / 1.12) × number of shares elected, rounded down to the nearest whole share. • Potential Issuance: If all eligible shareholders opt for scrip, approximately 273.85 million new shares will be issued—equivalent to 3.21% of current share capital and 3.11% on the enlarged base. • Cash Outlay: Should all shareholders take cash, total payout would reach HK$306.71 million.
Key Dates • Record Date: 8 June 2026. • Election Deadline: 4:30 p.m., 14 July 2026 (with weather-related contingency as outlined). • Despatch of share certificates and cash dividend warrants: 29 July 2026. • First trading day of Scrip Shares: 30 July 2026 on the Hong Kong Stock Exchange (subject to listing approval).
Additional Details • The Scrip Dividend Scheme becomes effective only upon HKEX Listing Committee approval for the new shares. • Fractional entitlements will be rounded down, with residual shares retained by the company. • Shares issued under the scheme will rank pari passu with existing shares but will not themselves carry the FY2025 final dividend. • Investors holding 11.75% of issued shares through China Clear under Southbound Stock Connect may participate via their intermediaries. • No special arrangements are in place to deal with potential odd-lot holdings arising from scrip elections.
Shareholders considering the choice between cash and scrip should assess personal circumstances and compliance obligations, including any disclosure requirements under Hong Kong’s Securities and Futures Ordinance.
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