206 CSE GLOBAL LIMITED NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2023 34. DIVIDENDS Group and Company 2023 2022 $’000 $’000 Declared and paid during the financial year: Dividends on ordinary shares: - Final exempt (one-tier) dividend for 2022: $0.015 per share 9,223 – - Interim exempt (one-tier) dividend for 2023: $0.0125 per share 7,686 – - Final exempt (one-tier) dividend for 2021: $0.015 per share – 7,686 - Interim exempt (one-tier) dividend for 2022: $0.0125 per share – 6,405 16,909 14,091 Proposed but not recognised as a liability as at 31 December: Dividends on ordinary shares, subject to shareholders’ approval at the AGM: - Final exempt (one-tier) dividend for 2023: $0.015 (2022: $0.015) per share 9,223 9,223 9,223 9,223 35. SUBSEQUENT EVENTS (a) Acquisition of Linked Group In February 2024, the Group has completed the acquisition of 100% of the issued share capital in Linked Group Services Pty Ltd and Linked Constructions Pty Ltd (“Linked Group”) for a consideration of AUD3.5 million (approximately $3.1 million). (b) Proposed placement of 60,000,000 new ordinary shares in the capital of the Company On 15 March 2024, the Company announced that the Company has entered into a placement agreement with a financial institution to procure subscriptions for an aggregate of 60,000,000 fully paid-up ordinary shares in the capital of the Company at an issue price of S$0.40 for each Placement Share, amounting to an aggregate consideration of S$24,000,000. 36. AUTHORISATION OF FINANCIAL STATEMENTS The financial statements for the financial year ended 31 December 2023 were authorised for issue in accordance with a resolution of the directors on 20 March 2024.
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