LIPPO (00226) plans to declare a special mid-term dividend by distributing HKC shares as a distribution in kind.

LIPPO (00226) announced that on December 27, 2024, the board of directors has resolved to declare a special mid-term distribution in kind to the shareholders who are on the company's register of members on the record date and based on their respective shareholdings in the company at that time, of up to a maximum of 1,193,432,757 shares of HKC shares held indirectly through Hennessy. Assuming that the total number of shares issued has not changed from the date of this announcement to the record date, the distribution will be made at a ratio of 2420 shares of HKC shares for every 1000 shares held by eligible shareholders, with the number of shares distributed adjusted to the nearest whole number.