Thursday, September 22, 2011

EON Capital declares tax-exempt final special dividend of 2.45 sen

KUALA LUMPUR: EON CAPITAL BHD [] shareholders are set to receive a tax-exempt final special dividend of 2.45 sen per share, in addition to the capital repayment of RM2.60 per share to be made on Sept 23.

However, the payment of the final special dividend to shareholders on the register as at Sept 15, 2011 would be at a later date.

In a statement Thursday, Sept 22, EON Capital executive chairman Datuk Gooi Hoe Soon said the company's board of directors had been steadfast in its commitment to ensure that its shareholders received the very best return out of their investment in the company and were paid expediently.

'Despite the long, protracted corporate exercise, the strong EON Capital team diligently maintained its professionalism and placed the interests of shareholders above all else,' he said.

EON Capital had in May this year completed the disposal of its entire assets and liabilities including EON Bank Group to HONG LEONG BANK BHD [].

At the company's EGM on Sept 22, shareholders approved to reduce the number of its directors from a minimum of 5 directors to two directors.

The two directors that shall remain are Gooi and executive director Nicholas John Lough who would oversee the completion of the final special dividend to shareholders.

All other directors will resign effective Oct 1, 2011.

Approval from ECB's shareholders was also sought for proposed directors' fees of RM687,000 and ex-gratia payments of RM1.125 million.

All resolutions were passed.

Gooi said the board had proposed ex-gratia payments to seven existing directors in recognition of their contributions to the company.

Trading of EON Capital share on the Main Market of Bursa Malaysia had been suspended since Sept 9, 2011.

Pending Bursa Malaysia's confirmation, EON Capital would be delisted on Sept 26, 2011, the next market day after the completion of the capital repayment that shall be made on Sept 23, 2011.

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