Maybank offer dividend reinvestment : others should follow

75px-Maybank_Tower%2C_Aug_06[1] Maybank: Offers dividend reinvestment plan Maybank  (MAY MK, Buy, TP: RM8.30)  has proposed a recurrent and optional dividend reinvestment plan that allows shareholders the option of reinvesting their dividends into new shares at a discount. Maybank said the plan would maximise shareholders’ value while enlarging its share capital base, strengthen its capital position and add liquidity to its shares. The issue price of the new Maybank shares would be at a discount of not more than 10% to the counter’s 5-day volume weighted average market price immediately prior to the price fixing date. Maybank however said the time frame for its full utilisation could not be determined; adding that the net proceeds would be used to fund the group’s growth and expansion. (Financial Daily)
More detail :maybank dividend reinvest commentary

Great idea, hope other listed company proposed that too.

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