In a filing with Bursa Malaysia, MAHB said the issue price was fixed based on a five-day volume weighted average market price (VWAP) of its shares (RM6.7631) up to and including April 11, 2023, which is the last trading day before the price-fixing date.

It said this was considered after adjusting the final dividend for the financial year ended Dec 31, 2022, of 3.91 sen per share, to the five-day VWAP (ex-dividend) and a discount of 66.40 sen, which is approximately 9.88% discount to the ex-dividend VWAP of RM6.7240.

MAHB said the book’s closing date for the final dividend and the DRP were fixed for April 28.

“The DRP statement and notice of election, including the dividend reinvestment form, will be provided to all the entitled shareholders of MAHB save for its overseas shareholders who do not have a registered address in Malaysia on May 3, and the election period for the DRP will close on May 17.

“Barring any unforeseen circumstances, the DRP shares will be listed on the Main Market of Bursa Securities on May 26,” it added.