|Subject||NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
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 THREE (3) SEN NET PER ORDINARY SHARE IN MBSB ("MBSB SHARE") IN RESPECT OF THE FINANCIAL YEAR ENDED 31 DECEMBER 2019, IN NEW MBSB SHARES ("DIVIDEND REINVESTMENT PLAN")
Reference is made to the Company’s announcement dated 6 May 2020 and 9 June 2020 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 15 June 2020, granted its approval for the listing and quotation for up to 503,505,121 new MBSB Shares to be issued pursuant to the Dividend Reinvestment Plan, subject to the following conditions:-
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 15 June 2020.
|Company Name||MALAYSIA BUILDING SOCIETY BERHAD|
|Date Announced||15 Jun 2020|
|Category||General Announcement for PLC|