Sunday, September 09, 2012

Stop wasting money and time


5 September 2012 

Editor, Forum Page
Straits Times

Each year, i received envelopes marked "Important, need immediate attention" from 
several listed companies. It contain an option to receive the dividend in script. 

I do not intend to use this option and do not wish to be bothered by this invitation. There is 
no place in the option form for me to "unsubscribe" to this invitation.

I hope that Singapore Exchange will ask the listed companies not to waste money and 
time to send this invitation repeatedly to shareholders who do not have any 
interest to subscribe for further shares. 

The listed companies should ask their shareholders if they wish to opt in for this exercise, 
or give them an option to opt out.

Tan Kin Lian

2 comments:

  1. Perhaps there is an unwritten rule, if no response from shareholder, dividends would be automatically doled out.
    In foreign shares, it's the norm.

    ReplyDelete
  2. Yes, if you do not reply, they will pay out dividend in cash.

    But it is wasteful for them to keep sending the option form, and to label it as "important, need immediate attention".

    They should allow their shareholders to say, "no more spamming!"

    ReplyDelete