KUALA LUMPUR (Feb 24): TELEKOM MALAYSIA BHD [] has proposed a capital repayment to its shareholders of about RM1.073 billion or 30 sen for each ordinary share of RM1 each.
“Together with the final single tier dividend for the financial year ended Dec 31, 2011 of 9.8 sen per share which the board will recommend at TM’s forthcoming AGM, a total cash distribution of approximately RM1.423 billion or 39.8 sen per TM share will be made to shareholders,” it said on Friday.
TM said the proposed capital repayment will be implemented by reducing the issued and paid-up share capital of whereby the par value of each share will be reduced from RM1 to 70 sen per share.
The total number of ordinary shares of TM in issue will remain unchanged at 3.577 billion shares.
“The cash distribution to be made under the proposed capital repayment will be funded through the TM group’s existing cash balances, which stands at RM4.213 billion as at Dec 31, 2011,” it said.
“Together with the final single tier dividend for the financial year ended Dec 31, 2011 of 9.8 sen per share which the board will recommend at TM’s forthcoming AGM, a total cash distribution of approximately RM1.423 billion or 39.8 sen per TM share will be made to shareholders,” it said on Friday.
TM said the proposed capital repayment will be implemented by reducing the issued and paid-up share capital of whereby the par value of each share will be reduced from RM1 to 70 sen per share.
The total number of ordinary shares of TM in issue will remain unchanged at 3.577 billion shares.
“The cash distribution to be made under the proposed capital repayment will be funded through the TM group’s existing cash balances, which stands at RM4.213 billion as at Dec 31, 2011,” it said.
