American Depositary Receipts ("ADR") Sponsored Level-1 Program for Malayan Banking Berhad ("Maybank") pursuant to Paragraph 9.19 (40) of the Bursa Malaysia Listing Requirements

May 04, 2005 Back
Type Announcement
Subject American Depositary Receipts ("ADR") Sponsored Level-1 Program for Malayan Banking Berhad ("Maybank") pursuant to Paragraph 9.19 (40) of the Bursa Malaysia Listing Requirements

Contents :

Pursuant to Paragraph 9.19 (40) of Bursa Malaysia’s Listing Requirements, Maybank hereby announces that a Sponsored Level-1 American Depositary Receipt ("ADR") Program, which is a program to facilitate the purchase of Maybank shares by investors in the United States of America ("USA"), has been declared effective by the Securities and Exchange Commission of the USA on May 3, 2005.


The Bank of New York Company, Inc has been appointed as the depositary bank for the ADR Program and Maybank’s Custodial Services is the sole custodian of Maybank’s shares in Malaysia for the ADR. For this purpose 50,000,000 shares representing 1.35% of the existing total issued and paid up capital of Maybank will be utilised.

The ADR program will enable Maybank to broaden its foreign shareholder base with existing shares as well as to create greater awareness of the Maybank brand, targeting high caliber USA investors.

 

Announcement Info

Company Name MALAYAN BANKING BERHAD  
Stock Name MAYBANK    
Date Announced 4 May 2005  
Category General Announcement
Reference No KK-050504-69848