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

Sep 11, 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 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, 28 August 2013 and 6 September 2013 in relation to the 7th DRP.

On behalf of the Board of Directors of Maybank (“Board”), Maybank Investment Bank Berhad (“Maybank IB”) wishes to announce that the issue price of the new Maybank Shares to be issued pursuant to the 7th DRP applicable to the single-tier interim cash dividend in respect of the financial year ending 31 December 2013 of 22.5 sen per Maybank Share held has been fixed today (“Price Fixing Date”) at RM9.20 per new Maybank Share. The issue price is based on the five (5)-day volume weighted average market price (“VWAMP”) of RM9.95 per Maybank Share up to and including 10 September 2013, 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 dividend adjustment of 22.5 sen to the five (5)-day VWAMP (“Ex-Dividend VWAMP”); and 

(ii) a discount of RM0.525 which is approximately 5.40% discount to the Ex-Dividend VWAMP of RM9.725.

On behalf of the Board, Maybank IB also wishes to announce on even date that the book closure date pursuant to the interim cash dividend and 7th DRP has been fixed for 26 September 2013.

Barring any unforeseen circumstances, the new Maybank Shares arising from the 7th DRP will be listed on the Main Market of Bursa Malaysia Securities Berhad on 28 October 2013.

This announcement is dated 11 September 2013.

 


Announcement Info

Company Name MALAYAN BANKING BERHAD  
Stock Name MAYBANK    
Date Announced 11 Sept 2013  
Category General Announcement
Reference No MI-130911-48987