Shareholders of Kontiki Finance Limited, a locally owned credit facility, now have the opportunity to increase their shareholding through a newly implemented reinvestment plan.
Current shareholders can choose to convert their dividends into additional shares at a discounted price, calculated based on the share price as of the announcement date. The reinvestment price has been set at $1.02 per share, which represents a five percent discount based on the average share price in the month leading up to the dividend announcement.
Kontiki Finance Chairman Barry Whiteside emphasized that shareholders can reinvest without incurring any brokerage fees or additional charges. He stated that participants in the reinvestment plan will receive newly issued shares equivalent to their dividend amount, rounded down to the nearest whole number.
Shareholders registered with KFL as of November 15 are eligible to participate in this reinvestment plan. For instance, if a shareholder receives $100 in dividends, they can opt to reinvest that amount and acquire 102 shares instead of receiving cash.
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