The Dhiraagu IPO was done in Demat (electronic) format. Hence, you have been allotted electronic share/s which is available in your MSD share account. So, we are not issuing any share certificate unless you request for one through MSD. Instead, we are issuing you with an allotment letter which is a record of your share holding in Dhiraagu.

If you want a paper share certificate, you need to apply to MSD who will remove your electronic shares from the MSD account and inform Dhiraagu to issue a paper share certificate.

However, please note that you either can have a paper share certificate or electronic share/s in your MSD account, but cannot have both at the same time. And in order to buy or sell Dhiraagu shares you must have your shares in electronic format. So, if you have taken a paper share certificate and decide to trade in future, your paper share certificate will be destroyed and converted into electronic shares and placed in your MSD share account by MSD again. So it is recommended that you keep Demat shares and maintain your MSD account.

You have been issued with an allotment letter that has been posted to your current address mentioned in the IPO application form you submitted to us. It’s been sent via post and should reach you soon. Pls allow for some time in case you are living out of Male’.

If you have not received in next 2 weeks time or have changed your address after submitting your IPO application form, you can contact us by end of February 2012 with valid identification, so that we can hand it over to you in person and record your new address.

You have to download a account information update form from MSD website www.msd.com.mv fill it up and send it to MSD. Dhiraagu will update it from MSD.

Please note that you have been allotted with same number of shares you applied for during the IPO. You should contact MSD to find out about information on your shares. You can ask for your MSD account statement that will show the number of Dhiraagu shares you hold. Your allotment letter issued by Dhiraagu mentions your MSD account number and number of shares allotted to you against your IPO application.

To open an MSD share account, you should contact MSD. For the applicants of Dhiraagu IPO, who didn’t have an MSD account now has an MSD account which has been opened using the information given in the IPO application form. Your allotment letter mentions your MSD account number.

To open an MSD share account, you should contact MSD. For the applicants of Dhiraagu IPO, who didn’t have an MSD account now has an MSD account which has been opened using the information given in the IPO application form.

You can buy or sell Dhiraagu shares through licensed stock brokers of Maldives Stock Exchange. You are required to have MSD (Maldives Securities Depository) Account to trade shares.
For trading fees you can check here: http://mse.com.mv/trading-fees.

You can find the value of your share by multiplying current share price with the number of shares you hold. Go to the share price page at www.mse.com.mv

You should contact MSD to find out about information on your shares. You can ask for your MSD account statement that will show the number of Dhiraagu shares you hold.

You should contact MSD or Dhiraagu Investor Relations to change your bank details.

Please contact Dhiraagu Investor Relations at your earliest opportunity to find out which documents you will need to claim a deceased applicant’s shares.

To open an MSD share account, you should contact MSD. For the applicants of Dhiraagu IPO, who didn’t have an MSD account now has an MSD account which has been opened using the information given in the IPO application form.

The Dhiraagu IPO was done in Demat (electronic) format. Hence, you have been allotted electronic share/s which is available in your MSD share account. If you want a paper share certificate, you need to apply to MSD who will remove your electronic shares from the MSD account and inform Dhiraagu to issue a paper share certificate.

However, please note that you either can have a paper share certificate or electronic share/s in your MSD account, but cannot have both at the same time. And in order to buy or sell Dhiraagu shares you must have your shares in electronic format. So, if you have taken paper share certificate and decide to trade in future, your paper share certificate will be destroyed and converted into electronic shares and placed in your MSD share account. So it is recommended that you keep Demat shares and maintain your MSD account.

The proposed dividend is announced in connection with the Annual results reporting. The dividend amount is subject to approval on the Annual General Meeting.

The dividend is paid after the Annual General Meeting. If you hold shares on the record day, prior to the AGM, you will receive dividend. If you sell your shares before the Record date, you are not entitled to receive dividend. Record date will be announced in due time every year before the AGM.

Dividend on the shares is paid in MVR and currently there is no Dividend income/ capital gain tax in Maldives. Dividend is approved by the shareholder in the AGM and is paid after some time the AGM is held.
Dhiraagu will credit the dividend in the Bank account you have mentioned in your application form or as per the information available in your MSD account.

You can go to our dividend page for more information about previous years’ dividend payments.

Dhiraagu does not have a reinvestment program as of now. To buy Dhiraagu shares you may contact your stockbroker.

The record date will be disclosed in due time before the AGM. To receive dividend, your name must be on the share register on record date.

Annual General Meeting is a meeting with shareholders that is held once a year. The shareholders approve the last year’s financials and accounts, the final dividend, elect Board directors, external audit firm or renew their tenure and vote on any other resolutions.

Dhiraagu will hold its AGM within 5 months after completion of its Financial Year which is March 31.

To attend the Annual General Meeting you must be a Dhiraagu shareholder on the record day as decided and announced by the Company.