Shareholders of Kontiki Finance Limited, a locally owned credit facility, now have the opportunity to acquire more shares through a new reinvestment plan introduced by the company. Existing shareholders can choose to convert their dividends into additional shares at a reduced price compared to the regular share price on the dividend announcement date.
The reinvestment price is set at $1.02 per share, reflecting a five percent discount from the average share price for the month leading up to the dividend announcement.
Barry Whiteside, chairman of Kontiki Finance, confirmed that shareholders can reinvest their dividends without incurring any brokerage fees or additional charges. “Shareholders who decide to participate will receive newly issued shares. The quantity of shares will correspond to the total amount of dividends the shareholder is eligible to receive, rounded down to the nearest whole number,” Whiteside stated.
Eligible shareholders registered with Kontiki Finance as of November 15 can take advantage of this reinvestment plan. For example, if a shareholder receives $100 in dividends, they can reinvest that amount to obtain 102 shares instead of receiving cash.
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