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

Sep 08, 2021 Back
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description DIVIDEND REINVESTMENT PLAN APPLICABLE TO THE FIRST INTERIM DIVIDEND IN RESPECT OF THE FINANCIAL YEAR ENDING 31 DECEMBER 2021 ("21ST DRP")

 

(Unless otherwise stated, all abbreviations and definitions used herein shall have the same meaning as those used in the announcements dated 26 August 2021, 3 September 2021 and 7 September 2021 in relation to the 21st DRP (“Announcements”))

 

Reference is made to the Announcements. On behalf of the Board of Directors of Maybank (“Board”),

 

Maybank IB wishes to announce that the issue price of the new ordinary shares in Maybank (“Maybank Shares”) to be issued pursuant to the 21st DRP has been fixed today (“Price Fixing Date”) at RM7.80 per new Maybank Share. The issue price is fixed based on the 5-day volume weighted average market price (“VWAMP”) of Maybank Shares of RM8.32 up to and including 7 September 2021, being the last trading day prior to the Price Fixing Date for the issue price of the new Maybank Shares to be issued pursuant to the 21st DRP after adjusting for the following:

 

(i) a dividend adjustment of RM0.28 to the 5-day VWAMP of Maybank Shares (“Ex-Dividend VWAMP”); and

 

(ii) a discount of RM0.24, which is approximately 2.98% discount to the Ex-Dividend VWAMP of RM8.04.

 

On behalf of the Board, Maybank IB also wishes to announce that the book closure date for the first interim dividend in respect of the financial year ending 31 December 2021 and the 21st DRP has been fixed on 23 September 2021.

 

The DRP Statement and Notice of Election (including the Dividend Reinvestment Form) will be provided to all the entitled shareholders of Maybank (save for the foreign addressed shareholders of Maybank) on 27 September 2021 and the election period for the 21st DRP will close on 11 October 2021.

 

Barring any unforeseen circumstances, the new Maybank Shares arising from the 21st DRP will be listed on the Main Market of Bursa Securities on 22 October 2021.

 

This announcement is dated 8 September 2021.

 


Announcement Info

Company Name MALAYAN BANKING BERHAD
Stock Name MAYBANK
Date Announced 08 Sep 2021
Category General Announcement for PLC
Reference Number GA1-08092021-00091