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

BackOct 10, 2013
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
COMBINATION OF NEW ISSUE OF SECURITIES
Description MALAYSIA BUILDING SOCIETY BERHAD (“MBSB” OR “COMPANY”)

(A) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF NEW ORDINARY SHARES OF RM1.00 EACH IN MBSB (“MBSB SHARES”) TO RAISE GROSS PROCEEDS OF UP TO RM1.47 BILLION; AND

(B) PROPOSED DIVIDEND REINVESTMENT PLAN THAT GIVES SHAREHOLDERS OF MBSB THE OPTION TO ELECT TO REINVEST THEIR CASH DIVIDEND IN NEW MBSB SHARES
On behalf of the Board of Directors of MBSB (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that MBSB proposes to undertake the following:-
(a) a renounceable rights issue of new MBSB Shares (“Rights Shares”) to the entitled shareholders of MBSB (“Entitled Shareholders”) to raise maximum gross proceeds of up to RM1.47 billion (“Proposed Rights Issue”); and

(b) a dividend reinvestment plan that gives shareholders of MBSB (“MBSB Shareholders” or “Shareholders”) the option to elect to reinvest their dividend entitlements (representing cash dividends declared by MBSB including interim, final, special or any other cash dividends (“Dividend(s)”) in new MBSB Shares (“Proposed DRP”).

The Proposed Rights Issue and Proposed DRP shall hereinafter collectively be referred to as the “Proposals”.

Please refer to the attachment for further details of the Proposals.

This announcement is dated 10 October 2013.

 


Announcement Info

Company Name MALAYSIA BUILDING SOCIETY BERHAD  
Stock Name MBSB    
Date Announced 10 Oct 2013  
Category General Announcement
Reference No MB-131010-60408

Attachments

  1. MBSB_101013.pdf (Size: 108,245 bytes)