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Business Times - 04 Sep 2009
OCBC scrip dividend shares fixed at $7.02 each
OCBC Bank has fixed the price of each new share issued under its scrip dividend scheme at $7.02.
The bank said that the issue price is based on a 10 per cent discount to the average of the volume weighted average prices of OCBC shares for each of the market days in the price determination period of Aug 31 to Sept 2, 2009.
The scheme provides OCBC Bank shareholders with the option of electing to receive new shares in lieu of the cash amount of their entitlements of the bank's FY2009 interim dividend.
In addition to OCBC's shareholders with registered addresses in Singapore, the bank is offering the scrip dividend option to shareholders with registered addresses in Malaysia without requiring them to provide Singapore addresses.
This is the first time that a Singapore-listed company is making available the scrip dividend option to shareholders with registered addresses in Malaysia without requiring them to provide Singapore addresses.
'This is made possible by our regular review of the process in our effort to make the scheme available to a broader shareholder base,' OCBC said.
Other foreign shareholders with overseas addresses outside of Singapore and Malaysia who wish to be eligible to participate in the scheme would still be required to provide an address in Singapore by notifying the bank.
Notices will be despatched to all eligible shareholders with registered addresses in Singapore and Malaysia on or about Sept 16, 2009, said OCBC.
OCBC scrip dividend shares fixed at $7.02 each
OCBC Bank has fixed the price of each new share issued under its scrip dividend scheme at $7.02.
The bank said that the issue price is based on a 10 per cent discount to the average of the volume weighted average prices of OCBC shares for each of the market days in the price determination period of Aug 31 to Sept 2, 2009.
The scheme provides OCBC Bank shareholders with the option of electing to receive new shares in lieu of the cash amount of their entitlements of the bank's FY2009 interim dividend.
In addition to OCBC's shareholders with registered addresses in Singapore, the bank is offering the scrip dividend option to shareholders with registered addresses in Malaysia without requiring them to provide Singapore addresses.
This is the first time that a Singapore-listed company is making available the scrip dividend option to shareholders with registered addresses in Malaysia without requiring them to provide Singapore addresses.
'This is made possible by our regular review of the process in our effort to make the scheme available to a broader shareholder base,' OCBC said.
Other foreign shareholders with overseas addresses outside of Singapore and Malaysia who wish to be eligible to participate in the scheme would still be required to provide an address in Singapore by notifying the bank.
Notices will be despatched to all eligible shareholders with registered addresses in Singapore and Malaysia on or about Sept 16, 2009, said OCBC.
Sorry, I think it does ... pls ignore ..
calthron ( Date: 24-May-2009 14:06) Posted:
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Does anyone know if POEMS accept odd lots through it's online transaction? If not, how could we sell them? thanks ...
Noted
limkt009 ( Date: 22-May-2009 15:17) Posted:
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How do you sell/buy online direct?
golfgila ( Date: 22-May-2009 14:34) Posted:
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Odd lots nowadays are easy to sell ,as they are sold online and many individuals may need odd lots to round up their stocks.
Just curious. If I take up the Divy in shares, how'd i sell the odd lot then?
I have some OCBC lots purchased via CPF and some via cash. I have received the options for scrip dividend for those purchased via CPF, but not for those purchased via cash. Anyone know why? I will be very grateful if any knowledgable forumer can help. I think it is more advantage to opt for the scrip, what are your opinions?