HKEX388 forfeiture of unclaimed second interim dividend for 2019
TL;DR
HKEX has forfeited unclaimed portions of its 2019 second interim dividend, totaling HK$18.7 million, as per its policy requiring claims within six years. Shareholders are advised to claim dividends promptly to avoid loss, with the funds reverting to the company and potentially impacting financial statements.
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HKEX388 forfeiture of unclaimed second interim dividend for 2019
HKEX Forfeits Unclaimed 2019 Second Interim Dividend, Reverts Funds to Company
Hong Kong Exchanges and Clearing Limited (HKEX, stock code: 388) has announced the forfeiture of unclaimed portions of its 2019 second interim dividend, with the unclaimed amounts reverting to the company in accordance with its Articles of Association. The move aligns with HKEX's standard policy, which stipulates that dividends unclaimed within six years of their payment date are forfeited and returned to the company.
The 2019 second interim dividend, declared as part of HKEX's annual payout schedule, faced unclaimed amounts totaling HK$18,686,498.56. This forfeiture underscores the importance of shareholders promptly claiming their entitlements to avoid financial loss. HKEX reiterated that shareholders who had not yet claimed the dividend were advised to contact the company's registrar to facilitate payment processing, which typically takes 3–4 weeks once formalities are completed.
The reallocation of unclaimed dividends back to HKEX may impact the company's financial statements, potentially affecting shareholder equity and retained earnings. However, the company emphasized that such actions are routine and governed by its corporate governance framework, which prioritizes transparency and compliance.
HKEX, a leading global exchange operator, continues to uphold its commitment to shareholder returns, as evidenced by its recent 2025 interim dividend announcement. The 2019 forfeiture serves as a reminder for investors to monitor dividend deadlines and maintain active engagement with their holdings. For detailed terms and historical dividend data, stakeholders are directed to HKEX's investor relations portal.
This development highlights the administrative rigor required in dividend management and reinforces HKEX's role as a cornerstone of Hong Kong's financial infrastructure. Investors are encouraged to review the company's official filings for further clarity on dividend policies and procedural timelines.
HKEX Group. (n.d.). Unclaimed Dividends.
The Globe and Mail. (n.d.). HKEX Forfeits Unclaimed 2019 Dividends, Reverts Funds.
HKEX Group. (n.d.). Second Interim Dividend for Fiscal Year 2025
