DIALOG GROUP BERHAD (DIALOG OR THE COMPANY)
PROPOSED SPECIAL SHARE DIVIDEND
The Board of Directors of DIALOG is pleased to declare a Proposed Special Share
Dividend on the basis of 1 treasury share of DIALOG for every 50 existing
DIALOG shares of RM0.10 each held in DIALOG, fractions of treasury shares to be
disregarded, amounting to approximately 27,710,000 treasury shares to be
distributed, for the financial year ended 30 June 2009 (FY2009). The Proposed
Special Share Dividend is to commemorate the 25-year anniversary of
incorporation of DIALOG group of companies.
Together with cash dividends (interim and proposed final) of 36% less 25% tax,
total gross dividend rate for FY2009 is 57.6%. Dividend payout ratio for FY2009
is 74%. Based on DIALOGs 5-day volume weighted average share price of RM1.2424
as at 6 October 2009, gross dividend yield is 4.6%.
The Proposed Special Share Dividend is DIALOGs second time of distributing
share dividend, after its first time of distributing share dividend on the
basis of 1 treasury share of DIALOG for every 50 DIALOG shares held for the
financial year ended 30 June 2006 to commemorate its 10-year anniversary of
listing on Bursa Malaysia Securities Berhad.
Both the Proposed Special Share Dividend and the proposed final cash dividend
of 24% less 25% tax are subject to shareholders approvals at the forthcoming
21st Annual General Meeting of DIALOG. The entitlement date of the Proposed
Special Share Dividend is to be determined later and anounced in due course.
None of the Directors, major shareholders and/or persons connected with them
have any interest, direct or indirect, in the Proposed Special Share Dividend,
save for their respective entitlements as shareholders, which are also
available to all other shareholders of DIALOG.
The Board of Directors of DIALOG, after due consideration on all aspects of the
Proposed Special Share Dividend, is of the opinion that the Proposed Special
Share Dividend is in the best interest of DIALOG.
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