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New Issue Of Securities (Chapter 6 Of Listing Requirements) : Other Issue Of Securities

BackJun 12, 2018
Type Announcement
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 FIVE (5) SEN NET PER ORDINARY SHARE IN MBSB ("MBSB SHARE") IN RESPECT OF THE FINANCIAL YEAR ENDED 31 DECEMBER 2017, IN NEW MBSB SHARES ("DIVIDEND REINVESTMENT PLAN")

Reference is made to the Company’s announcement dated 30 January 2018 and 1 June 2018 in relation to the Dividend Reinvestment Plan.

On behalf of the board of Directors of MBSB, AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide its letter dated 11 June 2018, granted its approval for the listing and quotation for up to 343,073,710 new MBSB Shares to be issued pursuant to the Dividend Reinvestment Plan, subject to the following conditions:-

  1. MBSB and AmInvestment Bank must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the Dividend Reinvestment Plan;
  2. MBSB and AmInvestment Bank to inform Bursa Securities upon the completion of the Dividend Reinvestment Plan;
  3. MBSB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Dividend Reinvestment Plan is completed; and
  4. MBSB to furnish Bursa Securities with a certified true copy of the resolution passed by the shareholders at the forthcoming annual general meeting for the allotment and issuance of issue shares pursuant to the Dividend Reinvestment Plan.

For the purpose of calculating the number of new MBSB Shares to be issued pursuant to the Dividend Reinvestment Plan, the issue price of such new MBSB Shares shall not be at more than ten percent (10%) discount to the volume weighted average price (“VWAP”) of MBSB Shares for the five (5) days immediately prior to the price-fixing date (“Issue Price”).  The VWAP shall be adjusted ex-dividend before applying the discount in fixing the Issue Price.  The Issue Price shall be announced on or before the announcement of the books closure date for the Dividend Reinvestment Plan. 

This announcement is dated 12 June 2018.

 

Announcement Info

Company Name MALAYSIA BUILDING SOCIETY BERHAD
Stock Name MBSB
Date Announced 12 Jun 2018
Category General Announcement for PLC
Reference Number GA1-12062018-00079