Others

May 05, 2011 Back
Type Announcement
Subject OTHERS
Description MALAYAN BANKING BERHAD (“MAYBANK”)

RECURRENT AND OPTIONAL DIVIDEND REINVESTMENT PLAN THAT ALLOWS SHAREHOLDERS OF MAYBANK TO REINVEST THE ELECTABLE PORTION OF THEIR INTERIM CASH DIVIDEND IN RESPECT OF THE FINANCIAL YEAR ENDING 30 JUNE 2011 OF 28 SEN LESS 25% TAXATION INTO NEW ORDINARY SHARE(S) OF RM1.00 EACH IN MAYBANK (“MAYBANK SHARES”) (“DIVIDEND REINVESTMENT PLAN”)

(Unless otherwise stated, definitions used in this announcement shall carry the same meanings as defined in the information memorandum issued by Maybank dated 18 April 2011).

We refer to the announcements dated 31 March 2011 and 1 April 2011 in relation to the Dividend Reinvestment Plan.

On behalf of the Board of Directors of Maybank, Maybank Investment Bank Berhad is pleased to announce that based on the valid Dividend Reinvestment Forms (“DRF”) received by Tricor Investor Services Sdn Bhd, the Registrar for the Dividend Reinvestment Plan (“Tricor”) as at the Expiry Date, Maybank is required to issue 155,965,676 new Maybank Shares (“New Shares”) pursuant to the Dividend Reinvestment Plan in respect of the interim cash dividend of Maybank for the financial year ending 30 June 2011. The New Shares represent approximately 91.13% of the 171,139,642 total number of new Maybank Shares that would have been issued pursuant to the Dividend Reinvestment Plan (“Level of Acceptance”), had all the Entitled Shareholders elected to reinvest their respective Electable Portions into new Maybank Shares. The Level of Acceptance achieved is also higher than the acceptance rate of 88.59% achieved for the dividend reinvestment plan in respect of the final cash dividend for the financial year ended 30 June 2010 which was announced on 14 December 2010.

This announcement is dated 5 May 2011.

 


Announcement Info

Company Name MALAYAN BANKING BERHAD  
Stock Name MAYBANK    
Date Announced 5 May 2011  
Category General Announcement
Reference No MI-110505-59239