Friday 29 Mar 2024
By
main news image

KUALA LUMPUR (Jan 8): Johor-based property developer KSL Holdings Bhd saw its share price rose 18 sen or 10.4% to RM1.91 as at 3:22pm today, with some 2 million shares traded, after it announced an interim dividend of 10% or 5 sen per share for its financial year ended Dec 31, 2014 (FY14).  

In a filing with Bursa Malaysia yesterday, KSL said the issue price of the new shares in KSL, to be issued pursuant to the dividend reinvestment plan (DRP), has been fixed at RM1.57 per share.

The issue price represents a discount of 16.79 sen or approximately 9.66% to the adjusted volume weighted average market price (VWAMP) of approximately RM1.7379, which was arrived at based on the 5-day VWAMP up to and including Jan 6, 2015, being the last trading day prior to the price-fixing date, of approximately RM1.7879 per KSL share, and after deducting the dividend of 5 sen per KSL share.

The ex-date for the dividend will be on Jan 27, while the entitlement date falls on Jan 29 and the payment date will be on Feb 25, with the new KSL shares arising from the DRP to be listed on the Main Market of Bursa on Feb 26.

      Print
      Text Size
      Share