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MBSB (1171)


BackJan 30, 2018
Type Announcement
Subject OTHERS

Proposed Single-Tier Final Dividend for the financial year ended 31 December 2017

The Board of Directors has recommended a Single-Tier Final Dividend of 5.0 sen net per Ordinary Share for the financial year ended 31 December 2017 ("Proposed Single-Tier Final Dividend"). 

Based on the total number of ordinary shares issued of 5,924,425,200 as at 31 December 2017, the Single-Tier Final Dividend payable would be approximately RM296.221 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. The approval for the Proposed Single-Tier Final Dividend 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 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 will be announced after the Annual General Meeting.

This announcement is dated 30 January 2018.

Announcement Info

Stock Name MBSB
Date Announced 30 Jan 2018
Category General Announcement for PLC
Reference Number GA1-30012018-00028