KSL offers dividend reinvestment option for 10 sen final payout

PETALING JAYA (July 13): Property company KSL Holdings Bhd will offer shareholders the option to reinvest their final single-tier dividend of 10 sen per share for the financial year ended December 31, 2025, into new ordinary shares under its existing dividend reinvestment plan (DRP).

In a Bursa Malaysia filing yesterday, the property developer said the final dividend, which was announced on February 27 and approved by shareholders at its annual general meeting on May 26 will be subject to the existing DRP, which applies to the entire final dividend.

Shareholders may choose to reinvest all or part of their dividend entitlement into new KSL shares, with any unapplied portion paid in cash. Alternatively, they may opt to receive the entire dividend in cash.

The issue price of the new shares will be determined on a price-fixing date to be announced later. It will be set at a discount of up to 10% to the five-day volume weighted average market price (VWAP) of KSL shares immediately preceding the price-fixing date, after adjusting the VWAP for the ex-dividend price.

KSL said it will announce the issue price, books closure date and dividend payment date at a later date.

The company also said it will apply to Bursa Malaysia Securities for the listing and quotation of the new shares to be issued under the DRP.

The DRP gives shareholders the flexibility to receive the 10 sen dividend in cash or reinvest it into additional KSL shares, while allowing the company to conserve cash if investors opt for the share alternative. The eventual level of participation will depend on the issue price and shareholders' election once the terms are finalised.

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