DFM 0.00% 83.0¢ dongfang modern agriculture holding group limited

Ann: 30% increase in normalised profit before tax to A$90 million, page-9

  1. 3,778 Posts.
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    Re DFM: the ann about the dividend seems to indicate that the dividend will largely be paid in shares via a DRP,"Market Price of Shares based on VWAP over a 10 trading day period commencing (and including) Monday, 16 May 2016 and ending (and including) Friday, 27 May 2016 less such discount as the Board may determine from time to time". It's a bit vague and the only way **not** to be paid in shares is to decline to participate in the DRP.

    Could the recent movements be an attempt to make the DRP so small that the number of shares will not dilute the outstanding marketable shares? Especially in light of a comment above that the CEO owns 80% of these?

    pmd3nka (not held, hadn't heard of it before today)
 
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Currently unlisted public company.

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