Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  BURSA MALAYSIA  >  Malayan Banking Berhad    MBBM   MYL1155OO000

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Malayan Banking Berhad : Dividend Reinvestment Plan: new shares to be issued at RM7.30

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/16/2011 | 03:36am CET
Publish Date: 
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 Application").

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 following:

(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.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MALAYAN BANKING BERHAD
12/05 MALAYAN BANKING BERHAD : Maybank launches eMpoweringTalents@Cambodia to boost co..
11/28 MAYBANK'S 9M FY2016 EARNINGS RELEASE : PBT at RM5.97 billion as revenue rises 3...
11/17 MALAYAN BANKING BERHAD : Maybank sells shares held in Visa Inc.
11/07 MALAYAN BANKING BERHAD : Maybank Group Launches “Maybank Women Eco Weavers..
11/02 MALAYAN BANKING BERHAD : Maybank introduces Deepavali cash gift service via &lsq..
11/02 MALAYAN BANKING BERHAD : Maybank Organises Innovative Learning Interventions for..
10/27 MAYBANK INDONESIA 9M FY2016 FINANCIA : Net Profit rose 118.4%
10/21 MALAYAN BANKING BERHAD : Comments on Budget 2017 by Group President & CEO of May..
10/20 MALAYAN BANKING BERHAD : “Bhangra” delights & festive joy at Maybank..
10/20 MALAYAN BANKING BERHAD : CIMB tops RAM Lead Managers’ League Tables for 9M..
More news
Sector news : Banks - NEC
09:09p Russia signs Rosneft deal with Qatar, Glencore
07:14p PRUDENTIAL FINANCIAL : investigating Wells Fargo partnership after scandal
12/09DJWELLS FARGO : Fired Wells Fargo Brokers Asked to Contact Finra With Concerns
12/09DJWELLS FARGO : Fired Wells Fargo Brokers Asked to Contact Finra With Concerns
12/09DJFinancial-Services Firms Start to Scout for New Office Space
More sector news : Banks - NEC
News from SeekingAlpha
11/25 Malayan Banking Berhad ADR 2016 Q3 - Results - Earnings Call Slides
2015 GLOBAL X SOUTHEAST ASIA ETF : Un-Emerging Market
2015 EWM : Does This Former Tiger Economy Merit A Closer Look?
Advertisement
Financials ( MYR)
Sales 2016 21 629 M
EBIT 2016 10 512 M
Net income 2016 6 268 M
Debt 2016 -
Yield 2016 6,09%
P/E ratio 2016 12,46
P/E ratio 2017 11,87
Capi. / Sales 2016 3,73x
Capi. / Sales 2017 3,55x
Capitalization 80 628 M
More Financials
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Average target price 7,96  MYR
Spread / Average Target 0,61%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Abdul Farid bin Alias Group President & Chief Executive Officer
Megat Zaharuddin bin Mohammad Nor Chairman
Kah Cho Hon Group Chief Operations Officer
Amirul Feisal bin Zahir Group Chief Financial Officer
M. S. Amar Suresh bin Abdullah Group Chief Technology Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
MALAYAN BANKING BERHAD18 236
JPMORGAN CHASE & CO.29.47%305 906
WELLS FARGO & CO5.11%286 974
BANK OF AMERICA CORP36.36%233 326
INDUSTRIAL AND COML BA..0.22%233 310
CHINA CONSTRUCTION BAN..-0.87%189 531
More Results