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BackFeb 24, 2015
Type Announcement
Subject OTHERS
Description Malaysia Building Society Berhad
Dividend Reinvestment Plan ("DRP")

We refer to our announcement dated 16 February 2015 in relation to the proposed Single-Tier Final Dividend of 10% (10.0 sen net per Ordinary Share) and the proposed Single-Tier Special Dividend of 2% (2.0 sen net per Ordinary Share) for the financial year ended 31 December 2014. Based on the issued and paid up share capital of 2,711,277,000 ordinary shares of RM1.00 each as at 6 February 2015, the final and special dividend payable would be approximately RM325.353 million.

The Board of Directors has determined that the option to reinvest via the Dividend Reinvestment Plan ("DRP") shall apply to the entire portion of the proposed Single-Tier Final Dividend of 10% and the proposed Single-Tier Special Dividend of 2% for the financial year ended 31 December 2014. The approval for the proposed Single-Tier Final Dividend of 10% and the proposed Single-Tier Special Dividend of 2% will be sought at the coming Annual General Meeting.

Under DRP, shareholders will have the following options in respect of the electable portion:-

(a) elect to exercise the option to reinvest and thereby reinvest the entire electable portion at the issue price of the new MBSB shares ("DRP Price") and to receive cash for the remaining portion of the dividend (in the event that only part of the electable portion is reinvested); or

(b) elect not to exercise the option to reinvest and thereby receive their entire dividend entitlement wholly in cash.

There will be no brokerage fees and other related transaction costs payable by shareholders on the new MBSB shares allotted pursuant to the DRP.

The Books Closure date in respect of the proposed Single-Tier Final Dividend and the proposed Single-Tier Special Dividend will be announced after the Annual General Meeting.

This announcement is dated 24 February 2015.

 


Announcement Info

Company Name MALAYSIA BUILDING SOCIETY BERHAD  
Stock Name MBSB    
Date Announced 24 Feb 2015  
Category General Announcement
Reference No MB-150224-58FBF