| 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 | 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”) We refer to our announcement dated 25 March 2010. On behalf of the Board of Directors of Maybank, Maybank Investment Bank Berhad wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”), vide its letter dated 1 October 2010, approved the following: (i) the listing of and quotation for up to 330,000,000 new Maybank Shares to be issued pursuant to the Dividend Reinvestment Plan on the Main Market of Bursa Securities (“Listing Application”); and (ii) application for a waiver from compliance with Section 12 Part A of Annexure PN28-B of the Main Market Listing Requirements issued by Bursa Securities in relation to the Listing Application. The approval by Bursa Securities for the above 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 pertaining to the implementation of the Dividend Reinvestment Plan; (ii) Maybank and its adviser to inform Bursa Securities upon the completion of the Dividend Reinvestment Plan; (iii) Maybank to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Dividend Reinvestment Plan is completed; and (iv) A copy of Bank Negara Malaysia’s approval letter for the increase in issued and paid-up share capital of Maybank arising from the Dividend Reinvestment Plan is to be furnished to Bursa Securities. This announcement is dated 4 October 2010. |
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| Company Name | MALAYAN BANKING BERHAD |
| Stock Name | MAYBANK |
| Date Announced | 4 Oct 2010 |
| Category | General Announcement |
| Reference No | MI-101004-61950 |