Dividend reinvestment plan (DRP). Maybank proposed a recurrent and optional DRP that allows shareholders to reinvest their dividend into new shares. The issue price of the new shares will not be more than 10% discount to the 5-day volume weighted average market price (VWAMP) prior to the Price Fixing Date. The board will have absolute discretion to0 determine whether this plan is applicable to the whole or portio electable portion) of declared cash dividend. Shareholders will have the option to either elect to receive the electable portion in cash or in new Maybank shares. Fractional shares will be paid in cash while shareholders can trade odd lots on the Odd Lot Market with minimum size of one share.
Malayan Banking Berhad : Dividend Reinvestment Plan-26/03/2010
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