Yinson fixes DRP share price
PETALING JAYA: Oil and gas services firm Yinson Holdings Bhd has fixed the company's new share price issued under the dividend reinvestment plan (DRP) in relation to the final dividend at RM2.29 per DRP share.
AmInvestment Bank Bhd said in a filing with the stock exchange on behalf of the company's board of directors that the issue price represented a premium of approximately 19.3% to the ex-dividend volume weighted average price (VWAP) of Yinson's share of RM1.92.
The issue price was arrived at after taking into consideration the five-day VWAP of RM1.93 per share up to and including May 13, 2025, being the last trading day prior to the price fixing date; and a dividend adjustment of one sen to the five-day VWAP of its shares.
The investment bank said the DRP shares would be listed on the Main Market of Bursa Malaysia by end-June 2025. In a separate filing, the company declared a final single-tier dividend of one sen per share for the financial year ended Jan 31, 2025.
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