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

May 29, 2012 Back
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description MALAYAN BANKING BERHAD (“MAYBANK”)

RECURRENT AND OPTIONAL DIVIDEND REINVESTMENT PLAN THAT ALLOWS SHAREHOLDERS OF MAYBANK TO REINVEST THE ELECTABLE PORTION OF THEIR FINAL CASH DIVIDEND IN RESPECT OF THE 6-MONTH FINANCIAL PERIOD ENDED 31 DECEMBER 2011 OF RM0.36 PER ORDINARY SHARE OF RM1.00 EACH IN MAYBANK (“MAYBANK SHARE”) LESS 25% TAXATION INTO NEW MAYBANK SHARE(S) (“4th DRP”)

(Unless otherwise stated, definitions used in this announcement shall carry the same meanings as defined in the information memorandum issued by Maybank dated 4 May 2012).

We refer to the announcements dated 17 April 2012, 25 April 2012, 4 May 2012 and 14 May 2012 in relation to the 4th DRP.

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 4th DRP, Maybank will be issuing 202,854,119 new Maybank Shares pursuant to the dividend reinvestment plan in respect of the final cash dividend of Maybank for the 6-month financial period ended 31 December 2011. The new Maybank Shares to be issued represent approximately 88.52% of the total number of 229,162,724 new Maybank Shares that would have been issued pursuant to the 4th DRP (“Level of Acceptance”), had all the Entitled Shareholders elected to reinvest their respective Electable Portions into new Maybank Shares. With the continuous strong support from the shareholders of Maybank, the Level of Acceptance achieved is higher than the acceptance rate of 86.10% achieved for the dividend reinvestment plan in respect of the final cash dividend of Maybank for the financial year ended 30 June 2011 which was announced on 22 December 2011.

This announcement is dated 29 May 2012. 

 

 


Announcement Info

Company Name MALAYAN BANKING BERHAD  
Stock Name MAYBANK    
Date Announced 29 May 2012  
Category General Announcement
Reference No MI-120529-35296