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 INTERIM CASH DIVIDEND IN RESPECT OF THE FINANCIAL YEAR ENDING 31 DECEMBER 2013 INTO NEW ORDINARY SHARE OF RM1.00 EACH IN MAYBANK (“MAYBANK SHARE”) (“7th DRP”) |
Reference is made to the announcements dated 21 August 2013 and 28 August 2013 in relation to the 7th DRP. On 21 August 2013, the Board of Directors of Maybank (“Board”) announced its consolidated results for the financial period ended 30 June 2013, wherein the Board proposed a single-tier interim cash dividend in respect of the financial year ending 31 December 2013 of 22.5 sen per Maybank Share held (“Interim Cash Dividend”). The Board had also determined that the dividend reinvestment plan will apply to the Interim Cash Dividend in which an electable portion of 16.0 sen per Maybank Share held can be elected to be reinvested into new Maybank Shares and the remaining portion of 6.5 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 September 2013, approved the listing of and quotation for up to 176,594,136 new Maybank Shares to be issued pursuant to the 7th 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 7th DRP; (ii) Maybank and its adviser to inform Bursa Securities upon the completion of the 7th 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 7th DRP is completed. This announcement is dated 6 September 2013. |
Company Name | MALAYAN BANKING BERHAD |
Stock Name | MAYBANK |
Date Announced | 6 Sept 2013 |
Category | General Announcement |
Reference No | MI-130906-61400 |