UOA Development fixes DRS share price at RM1.54 for final dividend

PETALING JAYA (June 12): UOA Development Bhd has fixed the issue price of new shares under its dividend reinvestment scheme (DRS) at RM1.54 apiece, representing a discount of about 9.42% to the adjusted five-market-day volume weighted average market price, for shareholders who elect to reinvest the group's 10 sen final dividend.

In a Bursa Malaysia filing yesterday, the property developer said the issue price was derived from the five-market-day volume weighted average market price of RM1.8002 up to and including June 10, adjusted for the final dividend and after applying a discount of approximately 9.42%.

The final single-tier dividend of 10 sen per share in respect of the financial year ended Dec 31, 2025 carries an entitlement date of June 29 and will be paid on July 27.

Under the DRS, shareholders may elect to reinvest their cash entitlement into new UOA Development shares at RM1.54 each or receive the dividend in cash. The deadline for DRS elections is July 15.

Barring unforeseen circumstances, the new shares issued pursuant to the DRS are expected to be listed on Bursa Malaysia's Main Market on July 28. The relevant documents and dividend reinvestment forms are expected to be dispatched on July 1.

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