15 November, 2011 - 21:52
Reference is made to the announcement dated 22 August 2011 in
relation to the DRP.
On 22 August 2011, the Board of Directors of Maybank
("Board") announced the quarterly report on consolidated
results for the financial period ended 30 June 2011 and
proposed a final cash dividend in respect of the financial
year ended 30 June 2011 of RM0.32 per Maybank Share less 25%
taxation ("Final Cash Dividend"). The Board had also
determined that the DRP will apply to the Final Cash Dividend
in which an electable portion of RM0.28 (RM0.21 net of
taxation) per Maybank Share held can be elected to be
reinvested in new Maybank Shares and the remaining portion of
RM0.04 (RM0.03 net of taxation) per Maybank Share will be
paid in cash.
At the annual general meeting ("AGM") held on 29 September
2011, the shareholders of Maybank approved, inter alia, the
allotment and issuance of new Maybank Shares arising from the
DRP until the conclusion of the next AGM upon such terms and
conditions and to such persons as the Board may, in its
absolute discretion, deem fit and in the interest of Maybank.
On behalf of the Board, Maybank Investment Bank Berhad
("Maybank IB") wishes to announce that Bursa Malaysia
Securities Berhad ("Bursa Securities"), vide its letter dated
14 November 2011, approved the listing of and quotation for
up to 477,332,302 new Maybank Shares to be issued pursuant to
the DRP on the Main Market of Bursa Securities ("Listing
The approval by Bursa Securities for the above Listing
Application is subject to the following conditions:
(i) Maybank and its adviser must fully comply with the
relevant provisions under the Main Market Listing
Requirements issued by Bursa Securities pertaining to the
implementation of the DRP;
(ii) Maybank and its adviser to inform Bursa Securities upon
the completion of the DRP; and
(iii) Maybank to furnish Bursa Securities with a written
confirmation of its compliance with the terms and conditions
of Bursa Securities' approval once the DRP is completed.
On behalf of the Board, Maybank IB wishes to announce that
the issue price of new Maybank Shares to be issued pursuant
to the DRP applicable to the Final Cash Dividend has been
fixed today ("Price Fixing Date") at RM7.30 per new Maybank
Share. The issue price is based on the five (5)-day volume
weighted average market price ("VWAMP") of RM8.24 per Maybank
Share up to and including 14 November 2011, being the last
trading day prior to the Price Fixing Date for the issue
price of new Maybank Shares after adjusting for the
(i) a gross dividend adjustment of RM0.32 to the five (5)-day
VWAMP ("Ex-Dividend VWAMP"); and
(ii) a discount of RM0.62 which is approximately 7.83%
discount to the Ex-Dividend VWAMP of RM7.92.
On behalf of the Board, Maybank IB will also announce on even
date that the book closure date pursuant to the Final Cash
Dividend and DRP has been fixed for 30 November 2011.
Barring any unforeseen circumstances, the new Maybank Shares
arising from the DRP will be listed on the Main Market of
Bursa Securities on 29 December 2011.
This announcement is dated 15 November 2011.