QUOTE(a-ei-a @ Nov 11 2012, 10:52 AM)
Hi,
I am new. Sifu-sifu please advice.
1. What is Dividend Reinvestment Plan?
2. How do I participate with it?
3. When received the offer letter, how do I response if I wish to participate?
4. Do I need to inform or get in touch with remiser for this?
5. How do I make payment if I want to participate? Still thru broker?
6. How long does the DRP process take?
7. Can I reject the number of share offered afterward?
Sorry for lot of questions. ><
1)its a plan whereby instead of giving u the div as cash, it it used back to increase your shareholding.
2) it depends on the procedures laid out by the registrar or sometimes it is just automatically do it for you.
3) just follow what the offer letter ask you to do.
4) No you just deal directly with the registrar, u only call the remisier once everything is done so that your remisier is aware of it and will infomr you as soon as the shares are creditd to your account.
5)Usually reinvestment plan you do not need to forkout any addional funds. unless its rights issue or subscription to warrant, you need to buy bank draft from the bank
6) usually will take at least 2 weeks after the closing date
7) once accepted cannot reject.