Financial News - 31 MAY 2010: Announcement of K-Green Trust by Keppel Corp

PROPOSED DIVIDEND IN SPECIE OF UP TO 325,900,000 UNITS IN K-GREEN TRUST – DESPATCH OF CIRCULAR AND INTRODUCTORY DOCUMENT AND NOTICE OF EXTRAORDINARY GENERAL MEETING AND CLOSURE OF BOOKS. See report and notice of book closure.


Key Points

• The following documents will be dispatched to the shareholders:
• a circular to Shareholders dated 31 May 2010 (Circular) containing, inter alia, a notice (Notice of EGM and Closure of Books).
• an introductory document dated 31 May 2010 (Introductory Document) in relation to the listing of the KGT Units on the Main Board of the SGX-ST.
• Books Closure Date will be on 22 June 2010 at 5.00 p.m. for the purpose of determining the entitlements of Shareholders to KGT Units pursuant to the Distribution.
• The proposed Distribution if approved at the EGM on 16 June 2010 will be distributed on 29 June 2010.

Author's Note
The Keppel Corp shares started trading CE (Cum Entitlement) today. The share price went up above $9 in the morning, touching an intraday high of $9.08. In afternoon trading, price starts to come down, closing at $8.82.