Final Dividend

The Board of Directors of RCE is pleased to propose a final single-tier dividend of 4.0 sen per ordinary share in respect of the financial year ended 31 March 2018, subject to the approval of the shareholders at the forthcoming Sixty-Fourth Annual General Meeting of RCE.

The entitlement date and date of payment in respect of the aforesaid final dividend will be determined and announced in due course.
 

Dividend Guidance

The Board of Directors of RCE also wishes to announce that the Company has adopted a dividend payout ratio of within a range of 20% to 40% of its consolidated profit after tax for financial year ending 31 March 2019 onwards as a Dividend Guidance, provided that such distribution will not be detrimental to the Company’s cash flow requirements.

In considering the dividend payments, the Company will take into account various factors including:-

(1)       the Group’s financial performance;

(2)       the level of the Group’s available cash and cash equivalents;

(3)       the projected level of working capital, capital expenditure and any other investment plans; and

(4)       satisfactory cash flow solvency test.

The Board will re-evaluate and review the Dividend Guidance on an on-going basis, taking into consideration of the Group’s financial position, regulatory environment and business prospects.

This announcement is dated 28 May 2018.