- RHB Cap had announced the issue price for its new RHB Cap shares to be issued pursuant to its dividend reinvestment plan (DRP) has been fixed yesterday (price fixing date) at RM7.44 per new RHB Cap share.

- This is in relation to its single-tier final dividend for FY13 of 10.30 sen.

- The issue price is computed based on the volume weighted average market price (VWAP) for the five (5) market days (up to and including 6 June 2014) prior to the price fixing date of RM8.3641 minus the single-tier final dividend per RHB capital share of 10.30 sen and applying a discount of approximately 10% or equivalent to approximately RM0.8261 per RHB Cap share.

- The book closure date pursuant to the final dividend and the DRP has been fixed for 23 June 2014.

- The ex-date is 19 July 2014

- The entitlement date is 23 July 2014.

- The company said the new RHB Cap shares arising from the DRP will be listed on 24 July 2014.

- Maintain HOLD. 

Source: AmeSecurities