Dividend - Normal or Special

[BINACOM] First Interim Dividend on 26-Jan-2018

Announcement Date: 15-Jan-2018
Related Stock:
BINACOM
BINASAT COMMUNICATIONS BERHAD
Share Registrar:
BINACOM
BINASAT COMMUNICATIONS BERHAD
FY: 30-Jun-2018
Amount

RM 0.005

  • Ex Date
    26-Jan-2018
  • Entitlement Date
    30-Jan-2018
  • Payment Date
    13-Feb-2018
Description
BINASAT COMMUNICATIONS BERHAD announced a quarterly dividend of RM 0.005 per share. The dividend is payable on 13-Feb-2018, while the ex-date will be on 26-Jan-2018.

About BINASAT COMMUNICATIONS BERHAD
Binasat Communications Berhad, an investment holding company, provides support services for satellite, mobile, and fiber optic telecommunication networks in Malaysia. It operates through Satellite Communication, Mobile Telecommunication, and Fibre Optic Network segments.

The Satellite Communication segment offers installation and commissioning services, including setting up, aligning, and configuring VSAT ground stations at sites, such as petrol stations, self-service banking machines, oil palm plantations, offshore oil and gas platforms, and other remote areas; and installing and commissioning of satellite hubs and other related equipment at teleports, as well as supplies satellite network equipment. This segment also provides operations and maintenance services, such as scheduled and unscheduled maintenance at VSAT ground station sites, as well as operating satellite hubs; and uplink and downlink services for live telecasts for turf club, sporting, and other events on-location news broadcasts.

The Mobile Telecommunication segment is involved in the installation and commissioning business comprising setting up base transceiver stations; and provision of operations and maintenance services for mobile networks.

The Fibre Optic Network segment engages in the installation and commissioning activities, including laying of fiber optic cables, as well as installation of related network equipment; and provision of operations and maintenance services for fiber optic network equipment. This segment also offers call center services, such as technical support for its gateway customers. Binasat Communications Berhad was incorporated in 2017 and is headquartered in Kuala Lumpur, Malaysia.


How to be entitled
To be entitled for any of the above, you need to purchase the shares one trading day before the ex-Date. You will not be entitled for the above if you purchase the shares on or after the ex-Date.

On ex-Date, the price will be adjusted to reflect the theoretical market price of the stock after the entitlement. You can sell the shares on / after ex-Date and still be entitled to the corporate exercise. The key is to purchase the shares before ex-Date.

How to apply
No application is needed. Shareholders that fulfill the requirement above will receive the dividend in their registered bank account on the payment date automatically.

Market Buzz
Discussions
1 person likes this. Showing 1 of 1 comments

Richer Lee

Nice

2018-01-22 23:36

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