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Maybank intends to propose to its shareholders at the forthcoming Annual General Meeting (“AGM”) on the proposed amendments to the Articles of the Company (“Proposed Amendments”) to bring the Company’s Articles in line with the recent amendments prescribed under the Listing Requirements of Bursa Malaysia Securities Berhad and Companies (Amendment) Act 2007 as well as to enhance the administration of the Company’s internal processes, particularly those relevant to directors and meetings.
The Proposed Amendments to the Articles are conditional upon the following approvals:-
(a) Bank Negara Malaysia (“BNM”) (the approval from BNM was obtained vide its letter dated 10 August 2007); and
(b) the shareholders of Maybank at the forthcoming AGM to be convened.
The details of the Proposed Amendments to the Articles will be incorporated in Maybank’s Annual Report 2007 which will be issued in due course.
The notice of the date of Maybank’s AGM to be convened to seek the approval of shareholders for the Proposed Amendments to the Articles will be announced at a later date.
This announcement is dated 16 August 2007.