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

Mar 14, 2017 Back
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description

MALAYAN BANKING BERHAD ("MAYBANK" OR "COMPANY") PROPOSED ESTABLISHMENT OF AN EMPLOYEES SHARE GRANT PLAN OF UP TO SEVEN POINT FIVE PERCENT (7.5%) OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES) AT ANY POINT IN TIME ("PROPOSED ESGP")

(Reference is made to Maybank’s announcements dated 26 January 2017 and 24 February 2017 in relation to the Proposed ESGP (“Announcements”). Unless otherwise stated, all abbreviations used herein shall have the same meanings as those used in the Announcements.)

On behalf of the Board, Maybank IB wishes to announce that Bursa Securities has, vide its letter dated 13 March 2017, approved the listing and quotation for such number of new Maybank Shares, representing up to 7.5% of the total number of issued shares of Maybank (excluding treasury shares) at any point in time, to be issued pursuant to the Proposed ESGP on the Main Market of Bursa Securities subject to, among others, the following conditions:

  1. Maybank IB is required to submit a confirmation to Bursa Securities of full compliance of the Proposed ESGP pursuant to Paragraph 6.43(1) of the Main Market Listing Requirements of Bursa Securities and stating the effective date of implementation together with a certified true copy of the resolution passed by the shareholders in a general meeting; and
  2. Maybank is required to furnish Bursa Securities on a quarterly basis a summary of the total number of ESGP Shares listed as at the end of each quarter together with a detailed computation of listing fees payable.

 

This announcement is dated 14 March 2017.





Announcement Info

Company Name MALAYAN BANKING BERHAD
Stock Name MAYBANK
Date Announced 14 Mar 2017
Category General Announcement for PLC
Reference Number GA1-14032017-00082