Malaysia Building Society Berhad Proposed Single-Tier Final Dividend for the financial year ended 31 December 2016
The Board of Directors has recommended a Single-Tier Final Dividend of 3.0% (3.0 sen net per Ordinary Share) for the financial year ended 31 December 2016. Based on the share capital of 5,798,774,158 ordinary shares as at 10 February 2017, the Single-Tier Final Dividend payable would be approximately RM173.963 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 3.0% for the financial year ended 31 December 2016. The approval for the proposed Single-Tier Final Dividend of 3.0% 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 and thereby reinvest the entire electable portion (or a part thereof) 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 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 will be announced after the Annual General Meeting.
|Company Name||MALAYSIA BUILDING SOCIETY BERHAD|
|Date Announced||22 Feb 2017|
|Category||General Announcement for PLC|