Scrip Dividend Scheme
What is the Scrip Dividend Scheme (SDS)?
Who is eligible for participation in the SDS? Are overseas shareholders eligible for participation in the SDS?
How do shareholders participate in the SDS?
Shareholders who wish to participate can either opt to receive scrip for only the dividend being declared, or they can opt to receive scrip permanently for future dividends. Please note that the scrip option may not be made available every time a dividend is declared. Therefore, shareholders choosing the permanent option will only receive scrip for those dividends where the SDS applies.
Shareholders will receive a form called a Notice of Election whenever the SDS is available for a dividend being declared. They should make their choices known and return the form by the specified deadline to the Central Depository (CDP), which is the agency processing the form:
The Central Depository (Pte) Limited
9 N Buona Vista Dr #01-19/20
The Metropolis
Singapore 138588
Tel: 6535 7511
For shareholders holding scrip shares, the form should be returned to the Share Registrar:>
Tricor Barbinder Share Registration Services
(A division of Tricor Singapore Pte. Ltd.)
80 Robinson Road
#02-00
Singapore 068898
Tel: 6236 3333
For shareholders who have bought shares using CPF funds, or hold shares through other depository agents/nominees, please refer to questions 10 and 11.
Does the SDS apply to all dividends?
How is the issue price of a share under the SDS determined?
I am a shareholder of DBS. What documents should I expect to receive, and when?
I am an eligible/Entitled Shareholder but I have not received any documents / I have misplaced the documents. What should I do?
If a shareholder has not received the Notice of Election after five working days of the despatch date, he should pick up another copy of the Notice of Election, if he has a CDP account, from CDP:
The Central Depository (Pte) Limited
9 N Buona Vista Dr #01-19/20
The Metropolis
Singapore 138588
Tel: 6535 7511
A shareholder without a CDP account can get another copy of the form from the Share Registrar:
Tricor Barbinder Share Registration Services
(A division of Tricor Singapore Pte. Ltd.)
80 Robinson Road
#02-00
Singapore 068898
Tel: 6236 3333
For shareholders who have bought shares using CPF funds, or hold shares through other depository agents/nominees, please contact your respective CPF agent bank, depository agent or nominee.
I am an eligible shareholder and I wish to participate in the SDS. How should I fill up the Notice of Election?
Shareholders are required to complete, sign and return the Notice of Election if they wish to participate in the SDS. For an illustration of how to complete the form, click here.
Shareholders who wish to receive their dividends in cash do not need to return the form.
What happens if I do nothing and do not return the Notice of Election form?
I bought shares using CPF funds. Will I receive a copy of the Notice of Election? What do I do if I wish to participate in the SDS?
My shares are held through a depository agent / nominee. What do I do if I wish to participate in the SDS?
I wish to participate in the SDS, but I will be overseas during the election period and will not be in Singapore to execute the Notice of Election form. What should I do?
Shareholders who wish to participate in the SDS but are not able to return the completed Notice of Election by the deadline should sign a letter of authorisation addressed to the Company. The letter should authorise a third party to complete the Notice of Election on the shareholder’s behalf. Shareholders can download a sample of the letter of authorisation here. The letter has to be signed by both the shareholder and his representative, and submitted to CDP:
The Central Depository (Pte) Limited
9 N Buona Vista Dr #01-19/20
The Metropolis
Singapore 138588
Alternatively, shareholders or their representatives can obtain and execute the letter of authorisation in person at the CDP office.
When will the SDS shares be issued?
I have missed the deadline stated on the Notice of Election form, but I wish to participate in the SDS. Does the Company accept late submissions?
I made a permanent election previously, but I wish to opt out. What should I do?
For subsequent dividends, shareholders who have made permanent elections will receive notice of the scrip dividend with a Notice of Cancellation form attached. Shareholders who wish to opt out of their permanent elections should return the Notice of Cancellation by the stated deadline. Shareholders who wish to keep their permanent elections do not need to return the form.
Alternatively, shareholders can obtain a copy of the Notice of Cancellation from CDP at:
The Central Depository (Pte) Limited
9 N Buona Vista Dr #01-19/20
The Metropolis
Singapore 138588
Tel: 6535 7511
For shareholders holding scrip shares, the Notice of Cancellation can be obtained at:
Tricor Barbinder Share Registration Services
(A division of Tricor Singapore Pte. Ltd.)
80 Robinson Road
#02-00
Singapore 068898
Tel: 6236 3333
For shareholders who have bought shares using CPF funds, or hold shares through other depository agents or nominees, please contact your respective CPF agent bank, depository agent or nominee.
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