Xinyi Energy offers scrip dividend for interim payout
Xinyi Energy Holdings Limited has announced a scrip dividend scheme for its interim dividend of HK$0.029 per share for the six months ended 30 June 2025. Shareholders on record as of 20 August 2025 will have the choice to receive the dividend in cash, new fully-paid shares, or a combination. The market value for scrip shares is fixed at HK$1.14, representing 95% of the average closing price from 14 August 2025 to 20 August 2025.
If all eligible shareholders elect for cash, the total payout would be HK$245,143,841 based on 8,453,235,897 shares in issue. Conversely, if all choose scrip shares, 215,038,457 new shares would be issued, representing a 2.54% increase in existing shares and 2.48% of the enlarged share capital. These new scrip shares will rank pari passu with existing shares, except for the interim dividend itself.
The deadline for returning election forms is 4:30 p.m. on Thursday, 25 September 2025. Share certificates for scrip shares and cash dividend warrants are expected to be despatched on Friday, 10 October 2025, with dealings in scrip shares commencing on Monday, 13 October 2025. The scheme is conditional upon listing approval from the Stock Exchange.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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