|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 PROVIDES SHAREHOLDERS OF MBSB THE OPTION TO ELECT TO REINVEST THE ELECTABLE PORTION OF THEIR FINAL DIVIDEND OF TEN (10) SEN AND SPECIAL DIVIDEND OF TWO (2) SEN NET PER ORDINARY SHARE OF RM1.00 EACH IN MBSB (“MBSB SHARE”) IN RESPECT OF THE FINANCIAL YEAR ENDED 31 DECEMBER 2014, IN NEW MBSB SHARES (“DIVIDEND REINVESTMENT PLAN”)
Reference is made to the announcements dated 16 February 2015, 24 February 2015, 31 March 2015, 14 April 2015 and 15 April 2015 in relation to the Dividend Reinvestment Plan (collectively referred to as “Earlier Announcements”). Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Earlier Announcements.
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 Dividend Reinvestment Plan applicable to the single-tier final dividend of ten percent (10%) (ten (10) sen net per MBSB Share) and the single-tier special dividend of two percent (2%) (two (2) sen net per MBSB Share) for the financial year ended 31 December 2014 (collectively known as “Dividends”) has been fixed today (“Price Fixing Date”) at RM1.91 per new MBSB Share (“Issue Price”). The Issue Price represents a discount of approximately 9.81% to the ex-dividend volume weighted average market price (“VWAP”) of MBSB Share of RM2.1177, which was arrived at after taking into consideration:-
(a) the five (5)-day VWAP of RM2.2377 per MBSB Share up to and including 14 April 2015, being the last trading day prior to the Price Fixing Date; and
(b) a dividend adjustment of 12 sen to the five (5)-day VWAP of MBSB Share.
Barring any unforeseen circumstances, the new MBSB Share arising from the Dividend Reinvestment Plan will be listed on the Main Market of Bursa Malaysia Securities Berhad end May 2015.
This announcement is dated 15 April 2015.
|Company Name||MALAYSIA BUILDING SOCIETY BERHAD|
|Date Announced||15 Apr 2015|