MAHB sets issue price for dividend reinvestment plan shares at RM6.06 per share

KUALA LUMPUR: announced that the issue price of its new ordinary shares, according to the dividend reinvestment plan (DRP), was fixed on Wedneday (April 12) at RM6.06 per share.

In a filing with , MAHB said the issue price was fixed based on the five-day volume weighted average market price (VWAP) of MAHB shares of RM6.7631 up to and including April 11, 2023, being the last trading day before the price-fixing date.

It said that this was considered after adjusting the final dividend for the financial year ended Dec 31, 2022, of 3.91 sen per MAHB share to the five-day VWAP of MAHB shares (ex-dividend VWAP) and a discount 66.40 sen, which is approximately 9.88% discount to the ex-dividend VWAP of RM6.7240.

MAHB said that the book's closing date for the final dividend and the DRP have been fixed on April 28, 2023.

“The DRP statement and notice of election, including the dividend reinvestment form, will be provided to all the entitled shareholders of MAHB save for its overseas shareholders who do not have a registered address in Malaysia on May 3, 2023, and the election period for the DRP will close on May 17, 2023.

“Barring any unforeseen circumstances, the DRP shares will be listed on the Main Market of Bursa Securities on May 26, 2023,” it added.

Source : The Edge Markets

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