Email This  Print This Nov 07, 2018
New issue of securities (Chapter 6 of Listing Requirements) : Other Issue Of Securities

 

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description

MALAYAN BANKING BERHAD ("MAYBANK" OR "COMPANY") PROPOSED ESTABLISHMENT OF AN EMPLOYEES SHARE GRANT PLAN ("PROPOSED ESGP")

(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those used in the Company’s announcements dated 26 January 2017, 24 February 2017, 14 March 2017, 6 April 2017, 2 October 2017, 27 February 2018 and 6 September 2018 in relation to the Proposed ESGP)

On behalf of the Board, Maybank IB wishes to announce that Bank Negara Malaysia has approved the increase in the total number of issued shares of Maybank pursuant to the Proposed ESGP, subject to Maybank implementing the following to ensure that the Proposed ESGP promotes sound risk management and aligns incentives with prudent risk taking:

(i)         establish performance measures that adequately reflect risk-adjusted returns; and

(ii)        appropriate differentiation in the proportion of fixed and variable remuneration to take into account roles and functions of employees in key management control functions such as compliance and risk management.

 

This announcement is dated 7 November 2018.

Announcement Info

Company Name MALAYAN BANKING BERHAD
Stock Name MAYBANK
Date Announced 07 Nov 2018
Category General Announcement for PLC
Reference Number GA1-07112018-00025