|Subject||NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
|Description||MALAYSIA BUILDING SOCIETY BERHAD (“MBSB” OR “COMPANY”)
DIVIDEND REINVESTMENT PLAN THAT GIVES SHAREHOLDERS OF MBSB THE OPTION TO ELECT TO REINVEST THE ELECTABLE PORTION OF THEIR FINAL CASH DIVIDEND IN RESPECT OF THE FINANCIAL YEAR ENDED 31 DECEMBER 2013 IN NEW ORDINARY SHARES OF RM1.00 EACH IN MBSB (“MBSB SHARES”) (“FIRST DIVIDEND REINVESTMENT PLAN”)
Reference is made to the announcements dated 10 October 2013, 22 November 2013, 10 December 2013, 2 April 2014 and 10 April 2014 as well as circular dated 25 November 2013 in relation to the dividend reinvestment plan (collectively referred to as “Documents”). Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Documents.
On behalf of the Board of Directors of MBSB (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that the issue price for the new MBSB Shares to be issued pursuant to the First Dividend Reinvestment Plan applicable to the single-tier final cash dividend in respect of the financial year ended 31 December 2013 of five (5) sen per MBSB Share (“Final Dividend”) has been fixed today (“Price Fixing Date”) at RM2.03 per new MBSB Share (“Issue Price”). The Issue Price represents a discount of approximately 9.78% to the ex-dividend volume weighted average market price (“VWAP”) of MBSB Share of RM2.25, which was arrived at after taking into consideration:-
(a) the five (5)-day VWAP of RM2.30 per MBSB Share up to and including 21 April 2014, being the last trading day prior to the Price Fixing Date; and
(b) a dividend adjustment of 5 sen to the five (5)-day VWAP of MBSB Share.
Barring any unforeseen circumstances, the new MBSB Share arising from the First Dividend Reinvestment Plan will be listed on the Main Market of Bursa Malaysia Securities Berhad early June 2014.
This announcement is dated 22 April 2014.
|Company Name||MALAYSIA BUILDING SOCIETY BERHAD|
|Date Announced||22 Apr 2014|