New Issue Of Securities (Chapter 6 Of Listing Requirements) : Other Issue Of Securities

Mar 24, 2023 Back
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description

MALAYAN BANKING BERHAD ("MAYBANK" OR "COMPANY")

PROPOSED ESTABLISHMENT OF AN EMPLOYEES SHARE GRANT PLAN OF UP TO THREE POINT FIVE PERCENT (3.5%) OF THE ISSUED ORDINARY SHARES IN MAYBANK (EXCLUDING TREASURY SHARES) AT ANY POINT IN TIME ("PROPOSED ESGP")

(Unless otherwise stated, all abbreviations and definitions used herein shall have the same meanings as those used in the announcements dated 3 March 2023 and 15 March 2023 in relation to the Proposed ESGP (“Announcements”))

Reference is made to the Announcements.

On behalf of the Board, Maybank Investment Bank Berhad (“Maybank IB”) wishes to announce that Bursa Securities had, vide its letter dated 23 March 2023, approved the listing and quotation of the new Maybank Shares to be issued pursuant to the Proposed ESGP on the Main Market of Bursa Securities (“Listing Application”).

The approval of Bursa Securities for the Listing Application is subject to, among others, the following conditions:

(i) Maybank IB is required to submit a confirmation to Bursa Securities of full compliance of the Proposed ESGP pursuant to Paragraph 6.43(1) of the MMLR and stating the effective date of implementation together with a certified true copy of the resolution passed by the shareholders in the EGM approving the Proposed ESGP;

(ii) Maybank is required to furnish Bursa Securities on a quarterly basis a summary of the total number of Maybank Shares listed pursuant to the Proposed ESGP as at the end of each quarter together with a detailed computation of listing fees payable;

(iii) Maybank must fully comply with Paragraph 8.19 of the MMLR pertaining to the implementation of the Proposed ESGP; and

(iv) Maybank IB is required to submit to Bursa Securities a copy of the approval letter from BNM for the increase in the total number of issued Maybank Shares pursuant to the Proposed ESGP.

This announcement is dated 24 March 2023.


Announcement Info

Company Name MALAYAN BANKING BERHAD
Stock Name MAYBANK
Date Announced 24 Mar 2023
Category General Announcement for PLC
Reference Number GA1-24032023-00045