Stamford Land issues 11.8 million new shares under scrip dividend plan

SGX Filings
Sep 24

Stamford Land Corporation Ltd announced on Sep, 24 2026 that it has allotted and issued 11,807,303 new ordinary shares to shareholders who elected to receive their final dividend for the year ended Mar, 31 2026 in shares instead of cash.

The shares were issued at 0.43 Singapore dollars each, a 9.85 percent discount to the volume-weighted average price recorded from Aug, 7 2026 to Aug, 11 2026.

Following the placement, Stamford Land’s issued and paid-up share capital increases to 1,505,594,025 ordinary shares.

The new shares are expected to begin trading on the Singapore Exchange mainboard on Sep, 28 2026. Shareholders who opted for cash will receive their final dividend on the same date.

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