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CIMB DRS shares priced at RM6.78 each

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CIMB DRS shares priced at RM6.78 each Empty CIMB DRS shares priced at RM6.78 each

Post by Cals Tue 16 Sep 2014, 02:01

CIMB DRS shares priced at RM6.78 each
Business & Markets 2014
Written by Chen Shaua Fui of theedgemalaysia.com   
Monday, 15 September 2014 18:41

KUALA LUMPUR (Sept 15): CIMB Group Holdings Bhd (CIMB) has fixed the price of the new shares for its dividend reinvestment scheme (DRS) at RM6.78 each.

In a filing to Bursa Malaysia today, CIMB said the issue price represents a discount of approximately 5% to the theoretical ex-dividend price (TEAP) of RM7.14 per CIMB share. 

In a separate filing, it also announced a single-tier first interim dividend of 10 sen per share for the financial year ending Dec 31, 2014, to be paid on Oct 29. 

The entitlement date pursuant to the first interim dividend and the DRS, has been fixed for Sept 30, 2014. 

Barring any unforeseen circumstances, the new CIMB shares from the DRS will be listed on the main market of the local bourse on Oct 30, it said. 

Last Friday, CIMB said Bursa Malaysia had approved the listing of and quotation for up to 16.68 million new shares, to be issued for the DRS.

CIMB closed at RM7.13 today, with a market capitalisation of RM59.44 billion.
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