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

BackJun 30, 2020
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 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 announcements 6 May 2020, 5 June 2020 and 15 June 2020 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 wishes to announce that the issue price for the new MBSB Shares to be issued pursuant to the Dividend Reinvestment Plan for the Final Dividend (“DRP Shares”) has been fixed today (“Price Fixing Date”) at RM0.56 per DRP Share (“Issue Price”). The Issue Price represents a discount of approximately 8.8% to the ex-dividend volume weighted average market price (“VWAP”) of MBSB Share of RM0.6138, which was arrived at after taking into consideration:-

(a)      the five (5)-day VWAP of RM0.6438 per MBSB Share up to and including 29 June 2020, being the last trading day prior to the Price Fixing Date; and

(b)      a dividend adjustment of three (3) sen to the five (5)-day VWAP of MBSB Share.

Barring any unforeseen circumstances, the DRP Shares will be listed on the Main Market of Bursa Malaysia Securities Berhad in mid-August 2020.

 

This announcement is dated 30 June 2020.

 


Announcement Info

Company Name MALAYSIA BUILDING SOCIETY BERHAD
Stock Name MBSB
Date Announced 30 Jun 2020
Category General Announcement for PLC
Reference Number GA1-30062020-00025