Shareholders of Kontiki Finance Limited are now presented with an opportunity to increase their stake in the company through a newly introduced dividend reinvestment plan. This initiative allows existing shareholders to convert their cash dividends into additional shares at a discounted price.
As part of this plan, the price per share for reinvestment is set at $1.02, which represents a five percent discount based on the average share price from the month before the dividend announcement. Importantly, shareholders can take advantage of this opportunity without incurring any brokerage fees or additional levies.
Kontiki Finance’s chairman, Barry Whiteside, emphasized the benefits of participating in this reinvestment strategy, highlighting that participants will receive newly issued shares equivalent to the total dividend they are entitled to. The number of shares awarded will be rounded down to the nearest whole number, ensuring a straightforward process for shareholders.
Eligible shareholders, registered by November 15, can maximize their investment by opting for this plan. For example, if a shareholder receives $100 in dividends, they could reinvest that amount to acquire 102 shares rather than taking the cash option.
This move is a positive development for shareholders, as it not only enables them to potentially increase their investment in Kontiki Finance but also reflects the company’s commitment to fostering long-term shareholder value.
In summary, Kontiki Finance Limited’s new dividend reinvestment plan presents existing shareholders with a cost-effective way to enhance their shareholdings, paving the way for greater investment opportunities in the future.
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