VCI Global Declares Interim Dividend And Firms Up Dividend Policy
06 June 2023 - 11:04PM
VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”)
has declared a first single tier interim dividend of USD0.01 per
ordinary share. The payout is the Company’s way of rewarding
its shareholders for their support over the years.
The dividend will be paid out on Monday, 31 July
2023 to the shareholders whose names are on the record at the close
of business on Monday, 3 July 2023. The ex-date is Friday, 30 June
2023.
VCI Global also announced a change in its
dividend policy where dividend will be paid on a regular basis at
the end of each financial year. This is notwithstanding interim
dividends which may be declared intermittently. The Company’s Board
of Directors shall hold sole discretion on the quantum to be paid
to the shareholders. As for the half yearly financial results, it
will be announced early August each year.
“High growth companies, like VCI (Global), have
generally not been known to be dividend paymasters. This payout is
to show investors our solid financial health and to meet the needs
of balancing between rewarding shareholders and ensuring the
company’s growth. In the quest for growth, the support of the
shareholders must not be taken for granted. The shareholders might
well understand the need to preserve funds for expansions, their
sacrifices nonetheless need to be remunerated,” said Dato’ Victor
Hoo, Group Executive Chairman and Chief Executive Officer of VCI
Global.
About VCI Global Limited
VCI Global is a multi-disciplinary consulting
group with key advisory practices in the areas of business and
technology. The Company provides business and boardroom strategy
services, investor relation services, and technology consultancy
services. Its clients range from small-medium enterprises and
government-linked agencies to publicly traded companies across a
broad array of industries. VCI Global operates solely in Malaysia,
with clients predominantly from Malaysia, but also serves some
clients from China, Singapore, and the US.
For more information on the Company, please log
on to https://v-capital.co/.
Cautionary Note Regarding
Forward-Looking Statements
This press release contains forward-looking
statements that are subject to various risks and uncertainties.
Such statements include statements regarding the Company's ability
to grow its business and other statements that are not historical
facts, including statements which may be accompanied by the words
"intends," "may," "will," "plans," "expects," "anticipates,"
"projects," "predicts," "estimates," "aims," "believes," "hopes,"
"potential" or similar words. Actual results could differ
materially from those described in these forward-looking statements
due to certain factors, including without limitation, the Company's
ability to achieve profitable operations, customer acceptance of
new products, the effects of the spread of Coronavirus (COVID-19)
and future measures taken by authorities in the countries wherein
the Company has supply chain partners, the demand for the Company's
products and the Company's customers' economic condition, the
impact of competitive products and pricing, successfully managing
and, general economic conditions and other risk factors detailed in
the Company's filings with the United States Securities and
Exchange Commission. The forward-looking statements contained in
this press release are made as of the date of this press release,
and the Company does not undertake any responsibility to update the
forward-looking statements in this release, except in accordance
with applicable law.
CONTACT INFORMATION:
Issued by Imej Jiwa Communications Sdn
Bhd on behalf of VCI Global Limited For media queries,
please contact:
Imej Jiwa Communications Sdn
Bhd Chris Chuah Email: chris@imejjiwa.com
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