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

Apr 08, 2013 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 THE SHAREHOLDERS OF MAYBANK TO REINVEST THE ELECTABLE PORTION OF THEIR FINAL CASH DIVIDEND IN RESPECT OF THE FINANCIAL YEAR ENDED 31 DECEMBER 2012 INTO NEW ORDINARY SHARE OF RM1.00 EACH IN MAYBANK (“MAYBANK SHARE”) (“6th DRP”)

Reference is made to the announcements dated 21 February 2013, 5 March 2013 and 26 March 2013 in relation to the 6th DRP.

On 21 February 2013, the Board of Directors of Maybank (“Board”) announced its consolidated results for the financial period ended 31 December 2012, wherein the Board proposed a final cash dividend in respect of the financial year ended 31 December 2012 of 33 sen (28.5 sen net of taxation) per Maybank Share held, comprising a franked dividend of 18 sen (13.5 sen net of taxation) per Maybank Share and a single-tier dividend of 15 sen per Maybank Share (“Final Cash Dividend”). The Board had also determined that the Dividend Reinvestment Plan will apply to the Final Cash Dividend in which an electable portion of 29 sen (24.5 sen net of taxation) per Maybank Share held, comprising a franked dividend of 18 sen (13.5 sen net of taxation) per Maybank Share and a single-tier dividend of 11 sen per Maybank Share can be elected to be reinvested into new Maybank Shares and the remaining portion of the single-tier dividend of 4 sen per Maybank Share held will be paid in cash.

On behalf of the Board, Maybank Investment Bank Berhad wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 5 April 2013, approved the listing of and quotation for up to 288,085,187 new Maybank Shares to be issued pursuant to the 6th DRP on the Main Market of Bursa Securities (“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 issued by Bursa Securities pertaining to the implementation of the 6th DRP;

(ii)         Maybank and its adviser to inform Bursa Securities upon the completion of the 6th DRP; and

(iii)        Maybank to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the 6th DRP is completed.

This announcement is dated 8 April 2013.

 


Announcement Info

Company Name MALAYAN BANKING BERHAD  
Stock Name MAYBANK    
Date Announced 8 Apr 2013  
Category General Announcement
Reference No MI-130408-62578