It means 100% of the value of dividend payout will be issued as shares either to people who take part in the DRP or to the underwriter (as an additional placement).
Basically it's another way to do a fund raising.
It makes no difference to your dividend you can choose to have it as cash or shares as normal.
Ann: Underwritten DRP for FY18 Final Dividend, page-3
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Last
61.0¢ |
Change
-0.020(3.17%) |
Mkt cap ! $73.69M | |||
| Open | High | Low | Value | Volume |
| 61.0¢ | 61.0¢ | 60.0¢ | $53.12K | 87.63K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11787 | 60.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.0¢ | 2007 | 2 |
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| Last trade - 11.51am 18/11/2024 (20 minute delay) ? |
| PNC (ASX) Chart |
