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Decisive Dividend Corporation Announces Dividend Reinvestment and Cash Purchase Plan and Stock Option Issuance
(via TheNewswire) Kelowna, British Columbia / TheNewswire / December 10, ...
About this update from Decisive Dividend Corp.
[{"type":"text","content":"Decisive Dividend Corporation Announces Dividend Reinvestment and Cash Purchase Plan and Stock Option Issuance(via TheNewswire)\n \n \nKelowna, British Columbia / TheNewswire / December 10, 2018 - Decisive Dividend Corporation (TSX-V: DE) (the \"Corporation\" or \"DDC\") announced today that its Board of Directors has approved the adoption of a dividend reinvestment and cash purchase plan (the \"DRIP\") effective for its regular monthly dividend payable on January 15, 2019 to its shareholders of record on December 31, 2018. The adoption of the DRIP is subject to final approval of the TSX Venture Exchange.\n\n \n \nJames Paterson, the Chief Executive Officer of DDC commented \"We are proud to be able to offer our shareholders opportunities as we grow and develop with the DRIP being the next logical choice to be added to the DDC offering to shareholders\".\n\n \n \nThe DRIP provides eligible shareholders of the Corporation with the opportunity to reinvest the dividends they receive on common shares (\"Shares\") of the Corporation in additional Shares at a 3% discount to the volume weighted average closing trading price (the \"Average Closing Price\") of the Shares on the TSX Venture Exchange (the \"TSXV\") for the five (5) trading days preceding the dividend payment date of the Shares and without incurring brokerage fees or commissions.\n\n \n \nThe DRIP also permits eligible shareholders of the Corporation to purchase new Shares by way of an additional cash payment (the \"Cash Payment Option\"). The purchase price for the Cash Payment Option will be the Average Closing Price of the Shares and without brokerage fees or commissions. The minimum permitted monthly optional cash purchase under the Cash Payment Option is $100.00, and no participant may make optional cash purchases in excess of $10,000.00 in one financial year. The aggregate number of Shares purchased pursuant to the Cash Payment Option during any financial year is subject to a maximum of two percent (2%) of the total number of outstanding Shares at the commencement of such financial year.\n\n \n \nThe maximum number of Shares that may be issued under the DRIP is 400,000 Shares (subject to increase from time to time pursuant to a written amendment authorized by the Corporation's board of directors). Shares purchased through the DRIP will be issued directly from the trea...