Harta dividend

5168 HARTA HARTALEGA HOLDINGS BHD
RECTIFICATION TO DIVIDEND

HARTALEGA HOLDINGS BERHAD (Hartalega or Company)
RECTIFICATION TO THE FIRST INTERIM DIVIDEND PAID ON 7 JANUARY 2009 AND
ADDITIONAL PAYMENT OF 0.5 SEN PER SHARE TO ALL THE ENTITLED SHAREHOLDERS OF THE
FIRST INTERIM DIVIDEND AS AT 15 DECEMBER 2008
WHEREAS:-
(1) Reference is made to the Companys announcement on 14 November 2008 in
respect to the declaration of First Interim Dividend of 2 sen per share less
25% income tax and 2 sen per share tax exempt for the financial year ending 31
March 2009 which was paid on 7 January 2009 to all the shareholders registered
in the Companys books at the close of business on 15 December 2008.
(2) However, due to a change in the tax legislation, it was ascertained that
the franked dividend which had been paid to Hartalega by its subsidiary company
on 29 December 2008 could not be credited to Hartalegas 108 account. Therefore,
Hartalega did not have sufficient tax credits to frank the dividend from its
108 account. Therefore, to rectify this situation, there has been a
recommendation to replace the franked dividend with a Tax Exempt dividend.
(3) The Board of Directors of Hartalega has unanimously decided to rectify the
First Interim Dividend payment from 2 sen per share less 25% income tax and 2
sen per share tax exempt for the financial year ended 31 March 2009 to 2 sen
per share single tier and 2 sen per share tax exempt and to pay the differences
of 0.5 sen per share to all the shareholders of the Company as appeared in the
shareholders dividend entitlement listing on 15 December 2008.
Now, the Board of Directors of Hartalega wishes to announce that the First
Interim Dividend payment of the Company paid to its shareholders on 7 January
2009 be hereby rectified to 2 sen per share single tier and 2 sen per share tax
exempt from its existing dividend rate of 2 sen per share less 25% income tax
and 2 sen per share tax exempt for the financial year ended 31 March 2009 and
to pay the differences of 0.5 sen per share to all its shareholders of the
company as appeared in the shareholders first dividend entitlement listing on
15 December 2008. These differences will be paid to all the entitled
shareholders on 6 November 2009.
In relation thereto, the Board of Directors of Hartalega also wishes to advise
all the entitled shareholders of the First Interim Dividend not to claim the
Section 110 credit from the initial dividend received as the original dividend
tax voucher is now void. If any shareholders were to claim credit using the old
tax voucher, the shareholders will be penalized under Section 113(2) of the
Income Tax Act, 1967. A letter advising on such matter accompanying the payout
would be sent to all the entitled shareholders of the company as at 15 December
2008.
This announcement is dated 19 November 2009.


19/10/2009 05:19 PM

-compliments of RHB