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MAEX Right Issues

Myanmar Agro Exchange Public Co Ltd has offered 1,500 Kyats per share in right issues to its existing security holders. Each investor holding 10 shares can purchase one right issue. Shareholders are notified of the rights issue through SMS. Those shareholders who want to take up the rights will have to deposit 50% of the share value by March 31 and the remaining must be paid by end of May.

The security holders who did not reply in the set period are deemed to have elected not to take up the rights. Stock dividends for the 2022/23 financial year will be equally paid out to those who purchase shares in rights issues before the share dividend notice.