Issuer/ Manager

QAF LIMITED

Security

QAF LTD ­ SG1A49000759 ­ Q01

Scrip Election/ Distribution/ DRP::Choice Issuer & Securities

Announcement Details

Announcement Title

Scrip Election/ Distribution/ DRP

Date & Time of Broadcast

05­Apr­2017 07:16:13

Status

New

Corporate Action Reference

SG170405DVOPI7IM

Submitted By (Co./ Ind. Name)

Serene Yeo

Designation

Company Secretary

Dividend/ Distribution Number

Applicable

Value

34

Dividend/ Distribution Type

Final

Financial Year End

31/12/2016

Declared Dividend/ Distribution Rate (Per Share/ Unit)

SGD 0.04

Event Narrative

Narrative

Type Narrative Text

  1. Attached announcement relating to Notice of Books Closure Date for the final dividend for the financial Additional year ended 31 December 2016 ("FY2016 Dividend") and the application of the QAF Limited Scrip Dividend

    Text Scheme ("Scheme") to FY2016 Dividend; and

  2. Attached Letter to Shareholders notifying amendments to the Scheme.

Event Dates

Record Date and Time

02/05/2017 17:00:00

Ex Date

27/04/2017

Cash Payment Details

Default Option

Yes

Option Currency

Singapore Dollar

Payment Type

Tax Exempted (1­tier)

Gross Rate (Per Share)

SGD 0.04

Net Rate (Per Share)

SGD 0.04

Gross Rate Status

Actual Rate

Security Option Details

New Security ISIN

SG1A49000759

New Security Name

QAF LTD

Security Not Found

No

Attachments

QAF_Notice of BCD and Application of Scrip Dividend Scheme.pdf

QAF_Letter to Shareholders ­ Scrip Dividend Scheme.pdf

QAF_Amended Scrip Dividend Scheme.pdf

Total size =158K

Applicable for REITs/ Business Trusts/ Stapled Securities

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QAF LIMITED

Company Registration No. 195800035D (Incorporated in the Republic of Singapore) ("the Company")

NOTICE OF BOOKS CLOSURE DATE FOR FY2016 DIVIDEND AND APPLICATION OF QAF LIMITED SCRIP DIVIDEND SCHEME TO FY2016 DIVIDEND NOTICE IS HEREBY GIVEN that the time and date at and on which the Transfer Books and Register of Members of QAF Limited (the "Company") will be closed for the purpose of determining, subject to the approval of shareholders of the Company at the Annual General Meeting to be held on 24 April 2017 ("AGM"), shareholders' entitlements to a final tax-exempt (one-tier) dividend of 4 cents per ordinary share for the financial year ended 31 December 2016, ("FY2016 Dividend") and, in the case of shareholders who are Depositors (defined below), at and on which entitlements to the FY2016 Dividend will be determined, is 5.00 p.m. on 2 May 2017 ("Books Closure Date").

Shareholders who are Depositors (as defined in Section 81SF of the Securities and Futures Act (Chapter 289)) and whose shares in the capital of the Company ("QAF Shares") are deposited with The Central Depository (Pte) Limited ("CDP") and whose securities accounts with CDP are credited with QAF Shares as at the Books Closure Date will be entitled to the FY2016 Dividend on the basis of the QAF Shares standing to the credit of their securities accounts with CDP as at the Books Closure Date.

In respect of shareholders who are not Depositors, duly completed and stamped registrable transfers received by the Company's Registrar, Tricor Barbinder Share Registration Services, at 80 Robinson Road, #02-00, Singapore 068898 up to the Books Closure Date will be registered to determine such shareholders' entitlements to the FY2016 Dividend.

The QAF Limited Scrip Dividend Scheme (the "Scheme") will apply to the FY2016 Dividend, subject to such dividend being approved by Shareholders at the AGM. In light of amendments that have been made to the Scheme (notice of which is to be despatched to shareholders on 5 April 2017 with the Company's Annual Report for FY2016), shareholders (other than Overseas Shareholders as defined below) may elect to receive new QAF Shares in lieu of part or all of the cash amount of the FY2016 Dividend declared on the QAF Shares held by them.

For practical reasons and to avoid any violation of the securities laws applicable outside Singapore Shareholders whose registered addresses with CDP or the Company, as the case may be, are outside of Singapore as at the Books Closure Date and who have not, at least three (3) market days before the Books Closure Date, provided CDP or the Company, as the case may be, with addresses in Singapore for the service of notices and documents ("Overseas Shareholders") will not be eligible to participate in the Scheme and may only receive their FY2016 Dividend in cash.

Payment of the FY2016 Dividend is subject to shareholders' approval for the same being obtained at the AGM. The FY2016 Dividend payment date will be announced by the Company upon the despatch of the notices of election to entitled shareholders of the Company.

By Order of the Board

Serene Yeo Company Secretary

Singapore, 5 April 2017

LETTER TO SHAREHOLDERS

QAF LIMITED

Company Registration No. 195800035D (Incorporated in the Republic of Singapore) ("the Company")

5 April 2017

To: The Shareholders of QAF Limited

Dear Sir/Madam

AMENDMENTS TO THE QAF LIMITED SCRIP DIVIDEND SCHEME ("SCHEME")

Pursuant to the provisions of the Scheme, QAF Limited ("Company") notifies Shareholders of amendments to the Scheme as set out in the attachment to this letter.

Under the terms of the amended Scheme, where the Directors have determined that the Scheme shall apply to a dividend in question ("Qualifying Dividend"), entitled Shareholders may, in accordance with the Scheme, elect to receive such Qualifying Dividend either wholly or partly in shares in the Company in lieu of cash. Under the previous terms of the Scheme, election could only be made to receive a Qualifying Dividend wholly, and not part only, in shares. Please refer to the attachment for the aforesaid amendment and other amendments to the Scheme.

Yours faithfully

For and on behalf of the Board of Directors of

QAF LIMITED

Lin Kejian and Goh Kian Hwee Joint Group Managing Directors

Enc.

QAF Limited published this content on 05 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 April 2017 23:58:09 UTC.

Original documenthttp://www.qaf.com.sg/media/SGX Scrip Election.pdf

Public permalinkhttp://www.publicnow.com/view/C051360C307FCE58FBEA5CD012CB0B9D3161A2A7