| Type | Announcement |
| Subject | MALAYAN BANKING BERHAD (“MAYBANK”) RECURRENT AND OPTIONAL DIVIDEND REINVESTMENT PLAN THAT ALLOWS SHAREHOLDERS OF MAYBANK TO REINVEST THEIR DIVIDEND IN NEW ORDINARY SHARE(S) OF RM1.00 EACH IN MAYBANK (“MAYBANK SHARES”) (“DIVIDEND REINVESTMENT PLAN”) |
| Contents | Reference is made to the announcements dated 25 March 2010, 29 September 2010, 4 October 2010 and 12 October 2010 in relation to the Dividend Reinvestment Plan. On 29 September 2010, the shareholders of Maybank approved the final dividend in respect of financial year ended 30 June 2010 of 44 sen less 25% tax (“Final Dividend”). The gross dividend consists of an electable portion of 40 sen (30 sen net per ordinary share) which can be elected to be reinvested in new Maybank Shares in accordance with the Dividend Reinvestment Plan. On 29 September 2010, the shareholders of Maybank also resolved that the issue price of the new Maybank Shares shall be fixed by the Board of Directors of Maybank (“Board”) at no more than a ten percent (10%) discount to the adjusted five (5)-day volume weighted average market price (“VWAMP”) of Maybank Shares immediately prior to the price-fixing date, of which the VWAMP shall be adjusted ex-dividend before applying the aforementioned discount in fixing the issue price. On behalf of the Board, Maybank Investment Bank Berhad (“Maybank IB”) wishes to announce that the issue price of new Maybank Shares to be issued pursuant to the Dividend Reinvestment Plan has been fixed today (“Price Fixing Date”) at RM7.70 per new Maybank Share. The issue price is based on the five (5)-day VWAMP of RM8.99 per Maybank Share up to and including 3 November 2010, being the last trading day prior to the Price Fixing Date for the issue price of new Maybank Shares after adjusting for the following: (i) a gross dividend adjustment of RM0.44 to the five (5)-day VWAMP (“Ex-Dividend VWAMP”); and (ii) a discount of RM0.85 which is approximately 9.9% discount to the Ex-Dividend VWAMP of RM8.55. On behalf of the Board, Maybank IB, will also announce on even date that the Book Closure Date pursuant to the Final Dividend and Dividend Reinvestment Plan has been fixed for 22 November 2010. The new Maybank Shares arising from the Dividend Reinvestment Plan will be listed on the Main Market of Bursa Malaysia Securities Berhad on 21 December 2010. This announcement is dated 4 November 2010. |
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| Company Name | MALAYAN BANKING BERHAD |
| Stock Name | MAYBANK |
| Date Announced | 4 Nov 2010 |
| Category | General Announcement |
| Reference No | MI-101104-55510 |