Annual Report 2019

FAR EAST CONSORTIUM INTERNATIONAL LIMITED 122 DIRECTORS’ REPORT RESULTS AND DIVIDENDS The results of the Group for the Year are set out in the consolidated statement of profit or loss on page 151. The Board has recommended the payment of a final dividend for the year ended 31 March 2019 of HK$18 cents (2018: HK$18 cents) per ordinary share (the “Proposed Final Dividend”). The Proposed Final Dividend will be paid to the Shareholders whose names appear on the Company’s Register of Members on 23 September 2019. The Proposed Final Dividend will be paid in the form of a scrip dividend with Shareholders being given an option to elect to receive cash in lieu of all or part of their scrip dividend entitlements (the “Scrip Dividend Scheme”). The Scrip Dividend Scheme will be subject to (i) Shareholders’ approval of the Proposed Final Dividend at the 2019 AGM; and (ii) the Stock Exchange granting listing of and permission to deal in the new shares to be allotted thereunder. For the purpose of determining the number of new shares to be allotted, the market value of new shares will be calculated as the average of the closing prices of the existing shares of the Company on the Stock Exchange for the 5 trading days prior to and including 23 September 2019. Full details of the Scrip Dividend Scheme will be set out in a circular which is expected to be sent to the Shareholders together with a form of election on or around 30 September 2019. Dividend warrants and/or new share certificates will be posted on or around 31 October 2019. CLOSURE OF REGISTER OF MEMBERS Details of the periods of closure of the Company’s Register of Members are as follows: (a) For determining the entitlement to attend and vote at the 2019 AGM The 2019 AGM is scheduled to be held on Thursday, 12 September 2019. For determining the entitlement to attend and vote at the 2019 AGM, the Register of Members of the Company will be closed from Monday, 9 September 2019 to Thursday, 12 September 2019, both days inclusive, during which period no transfer of Shares will be registered. In order to be eligible to attend and vote at the 2019 AGM, unregistered holders of Shares should ensure that all share transfer documents accompanied by the relevant share certificates must be lodged with the Company’s share registrar in Hong Kong, Tricor Standard Limited, at Level 22, Hopewell Centre, 183 Queen’s Road East, Hong Kong (which address will be changed to Level 54, Hopewell Centre, 183 Queen’s Road East, Hong Kong with effect from 11 July 2019), for registration not later than 4:30 p.m. on Friday, 6 September 2019. (b) For determining the entitlement to the Proposed Final Dividend The Proposed Final Dividend is subject to the approval of Shareholders at the 2019 AGM. For determining the entitlement of the Proposed Final Dividend, the Register of Members of the Company will also be closed from Thursday, 19 September 2019 to Monday, 23 September 2019, both days inclusive, during which period no transfer of Shares will be registered. In order to qualify for entitlement to the Proposed Final Dividend, unregistered holders of Shares should ensure that all share transfer documents accompanied by the relevant share certificates must be lodged with the Company’s share registrar in Hong Kong, Tricor Standard Limited, at the above address for registration not later than 4:30 p.m. on Wednesday, 18 September 2019.