KUALA LUMPUR: MALAYAN BANKING BHD [] has fixed the issue price of new Maybank shares to be issued under the dividend reinvestment plan at RM7.70 per share.
It said on Thursday, Nov 4 the issue price was based on the five-day volume weighted average market price (VWAMP) of RM8.99 per share up to and including Nov 3, being the last trading day prior to the price fixing date.
It also said the share price was set after adjusting for a gross dividend adjustment of 44 sen to the five-day VWAMP and a discount of 85 sen, which is approximately 9.9% discount to the ex-dividend VWAMP of RM8.55.
The book closure date pursuant to the final dividend and dividend reinvestment plan has been fixed for Nov 22.
The new Maybank shares arising from the dividend reinvestment plan will be listed on the Main Market on Dec 21.
It said on Thursday, Nov 4 the issue price was based on the five-day volume weighted average market price (VWAMP) of RM8.99 per share up to and including Nov 3, being the last trading day prior to the price fixing date.
It also said the share price was set after adjusting for a gross dividend adjustment of 44 sen to the five-day VWAMP and a discount of 85 sen, which is approximately 9.9% discount to the ex-dividend VWAMP of RM8.55.
The book closure date pursuant to the final dividend and dividend reinvestment plan has been fixed for Nov 22.
The new Maybank shares arising from the dividend reinvestment plan will be listed on the Main Market on Dec 21.
No comments:
Post a Comment