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

Apr 19, 2016 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 FINAL CASH DIVIDEND IN RESPECT OF THE FINANCIAL YEAR ENDED 31 DECEMBER 2015 INTO NEW ORDINARY SHARES OF RM1.00 EACH IN MAYBANK ("12TH DRP")

Reference is made to the announcements dated 25 February 2016 and 6 April 2016 in relation to the 12th DRP.

On behalf of the Board of Directors of Malayan Banking Berhad (“Maybank”), Maybank Investment Bank Berhad wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 18 April 2016, approved the listing of and quotation for up to 335,169,041 new ordinary shares of RM1.00 each in Maybank on the Main Market of Bursa Securities to be issued pursuant to the 12th DRP (“Listing Application”).

The approval by Bursa Securities for the Listing Application is subject to the following conditions:

(i)  Maybank and its adviser must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the 12th DRP;

(ii)  Maybank and its adviser to inform Bursa Securities upon the completion of the 12th DRP; and

(iii)  Maybank to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the 12th DRP is completed.

This announcement is dated 19 April 2016.





Announcement Info

Company Name MALAYAN BANKING BERHAD
Stock Name MAYBANK
Date Announced 19 Apr 2016
Category General Announcement for PLC
Reference Number GA1-19042016-00046