To: All Shareholders
The Board of Directors of United Overseas Bank Limited wishes to make the following announcement:
Unaudited Financial Results for the First Half/Second Quarter Ended 30 June 2019
Details of the financial results are in the accompanying Group Financial Report.
Dividends and Distributions for the Second Quarter Ended 30 June 2019
Ordinary share dividend
An interim one-tier tax-exempt dividend of 55 cents (2Q18: 50 cents) per ordinary share has been declared in respect of the financial year ending 31 December 2019. The dividend will be paid in cash on 27 August 2019. The UOB scrip dividend scheme will be suspended.
Notice is hereby given that the Share Transfer Books and Register of Members of the Bank will be closed on 19 August 2019, for determining shareholders’ entitlements to the interim dividend. Registrable transfers received by the Bank’s Registrar, Boardroom Corporate & Advisory Services Pte Ltd at 50 Raffles Place, Singapore Land Tower #32-01, Singapore 048623, up to 5.00 pm on 16 August 2019 will be registered for the interim dividend. In respect of ordinary shares in securities accounts with The Central Depository (Pte) Limited (“CDP”), entitlements to the interim dividend will be computed based on the shareholdings position after settlement of all trades on 16 August 2019 (“Record Date”). The interim dividend will be paid by the Bank to CDP which will, in turn, distribute the dividend to holders of the securities accounts.
Distributions on perpetual capital securities
On 23 April 2019, a semi-annual distribution at an annual rate of 3.875% totalling US$13 million was paid on the Bank’s US$650 million 3.875% non-cumulative non-convertible perpetual capital securities for the period from 19 October 2018 up to, but excluding 19 April 2019.
On 21 May 2019, a semi-annual distribution at an annual rate of 4.00% totalling S$15 million was paid on the Bank’s S$750 million 4.00% non-cumulative non-convertible perpetual capital securities for the period from 18 November 2018 up to, but excluding 18 May 2019.
On 21 May 2019, a semi-annual distribution at an annual rate of 4.75% totalling S$12 million was paid on the Bank’s S$500 million 4.75% non-cumulative non-convertible perpetual capital securities for the period from 19 November 2018 up to, but excluding 19 May 2019.
Interested Person Transactions
The Bank has not obtained a general mandate from shareholders for Interested Person Transactions.
Confirmation by Directors
The Board of Directors hereby confirms that, to the best of its knowledge, nothing has come to its attention which may render the unaudited financial results of the Group for the first half/second quarter ended 30 June 2019 to be false or misleading in any material aspect.
Undertakings from Directors and Executive Officers
The Bank has procured undertakings in the form set out in Appendix 7.7 of the Listing Manual from all its directors and executive officers pursuant to Rule 720(1) of the Listing Manual.
BY ORDER OF THE BOARD
UNITED OVERSEAS BANK LIMITED
Ms Joyce Sia
Secretary
Dated this 2nd day of August 2019
The results are also available at www.UOBgroup.com
