LONDON/SINGAPORE May 20 Singaporean sovereign
wealth fund Temasek's stake in Standard Chartered has
dipped to just below 18 percent after it opted to take the
bank's latest dividend in cash, while a majority of other
investors took their payouts in shares.
Temasek has been Standard Chartered's biggest investor since
2006. It said on Tuesday its holding had dipped to 17.75
percent, from 18.06 percent at the end of December. Any change
in holding through a percentage point needs to be disclosed.
The reduction was because Temasek took the final 2013
dividend in cash, a person familiar with the matter said.
Standard Chartered said about half of its shareholders took
the final dividend in stock, meaning it has to issue millions
more shares, which dilutes the percentage holding of investors
that take cash.
The final 2013 dividend of 57.2 cents was paid last week.
(Reporting by Steve Slater and Saeed Azhar; Editing by Mark