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

Nov 05, 2015 Back
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description
DIVIDEND REINVESTMENT PLAN THAT ALLOWS THE SHAREHOLDERS OF MAYBANK TO REINVEST THE ELECTABLE PORTION OF THEIR INTERIM CASH DIVIDEND IN RESPECT OF THE FINANCIAL YEAR ENDING 31 DECEMBER 2015 INTO NEW ORDINARY SHARES OF RM1.00 EACH IN MAYBANK ("11TH DRP")

(Unless otherwise stated, definitions used in this announcement shall carry the same meanings as defined in the announcement dated 25 September 2015).

We refer to the earlier announcements in relation to the 11th DRP, the latest of which is dated 21 October 2015.

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 received by Tricor Investor Services Sdn Bhd, the registrar for the 11th DRP, Maybank will be issuing 222,451,959 new Maybank Shares pursuant to the 11th DRP. The new Maybank Shares to be issued represent approximately 87.46% of the total number of 254,351,175 new Maybank Shares that would have been issued pursuant to the 11th DRP had all the entitled shareholders of Maybank elected to reinvest the electable portion of their Interim Cash Dividend into new Maybank Shares (“Acceptance Rate”). With the continuous strong support from the shareholders of Maybank, the Acceptance Rate achieved is higher than the acceptance rate of 82.55% achieved for the dividend reinvestment plan in respect of Maybank’s final cash dividend for the financial year ended 31 December 2014, announced on 21 May 2015.

This announcement is dated 5 November 2015.





Announcement Info

Company Name MALAYAN BANKING BERHAD
Stock Name MAYBANK
Date Announced 05 Nov 2015
Category General Announcement for PLC
Reference Number GA1-05112015-00063