| Type | Announcement |
| Subject | MALAYAN BANKING BERHAD (“MAYBANK”) PROPOSED RENOUNCEABLE RIGHTS ISSUE ON THE BASIS OF NINE (9) ORDINARY SHARES OF RM1.00 EACH IN MAYBANK FOR EVERY TWENTY (20) EXISTING ORDINARY SHARES OF RM1.00 EACH HELD IN MAYBANK (“PROPOSED RIGHTS ISSUE”) |
| Contents | Reference is made to the announcements dated 27 February 2009, 5 March 2009 and 6 March 2009 in relation to the Proposed Rights Issue. On behalf of the Board of Directors of Maybank, Maybank Investment Bank Berhad (“Maybank IB”) (formerly known as Aseambankers Malaysia Berhad) is pleased to announce that the Securities Commission (“SC”) had, vide its letter dated 6 March 2009, approved the following: (i) Proposed Rights Issue; (ii) Waiver from providing the underwriting arrangement in respect of the Employee Provident Fund Board’s entitlement of the Proposed Rights Issue pursuant to Paragraph 6.10 of the SC’s Guidelines on the Offering of Equity and Equity-linked Securities (“SC Guidelines”); and (iii) Waiver from the requirement for Maybank IB to act as an underwriter for the Proposed Rights Issue pursuant to Paragraph 6.13 of the SC’s Guidelines. On even date, Bursa Malaysia Securities Berhad (“Bursa Securities”) has also approved Maybank’s application to allow Maybank to announce the book closure date for the Proposed Rights Issue prior to the approval of the shareholders of Maybank in an extraordinary general meeting to be convened on 23 March 2009 (“EGM”). The approval of Bursa Securities is subject to the following: (i) Maybank’s major shareholders' undertaking to vote in favour of the Proposed Rights Issue at the EGM and that their shareholdings as at EGM date will not be below 50%+1 shares; and (ii) Maybank to ensure that the EGM must be convened and concluded before the ex-entitlement date of the Proposed Rights Issue. This announcement is dated 6 March 2009. |
| Company Name | MALAYAN BANKING BERHAD |
| Stock Name | MAYBANK |
| Date Announced | 6 Mar 2009 |
| Category | General Announcement |
| Reference No | MI-090306-73867 |