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
Perhaps there is an unwritten rule, if no response from shareholder, dividends would be automatically doled out.
ReplyDeleteIn foreign shares, it's the norm.
Yes, if you do not reply, they will pay out dividend in cash.
ReplyDeleteBut 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!"