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 newsTweets

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 CEST
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
08/18 MALAYAN BANKING BERHAD : Etiqa launches Enhanced Etiqa Auto Assist programme
08/16 MALAYAN BANKING BERHAD : PNB proposes converting 20% of Maybank shares into Isla..
08/10 Malaysia Plans To Fund 55 Billion Ringgit Rail Project Via China EXIM Bank Lo..
08/05 Tenaga Nasional Bhd issues RM2 billion Sukuk Wakalah
08/05 MALAYAN BANKING BERHAD : Maybank`s ratings affirmed by MARC
08/02 MAYBANK INDONESIA 1H FY2017 FINANCIA : PATAMI increased 16.3% to Rp998.5
07/19 MALAYAN BANKING BERHAD : Maybank bags 20 Islamic awards
07/18 MALAYAN BANKING BERHAD : Maybank bags 20 awards at The Asset Triple A Islamic Fi..
07/15 MALAYAN BANKING BERHAD : Etiqa Insurance First to Offer Real-Time Flight Delay C..
07/12 MALAYAN BANKING BERHAD : NCSM, Etiqa team up to provide free breast cancer scree..
More news
News from SeekingAlpha
2016 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?
Financials ( MYR)
Sales 2017 22 942 M
EBIT 2017 11 582 M
Net income 2017 7 274 M
Debt 2017 -
Yield 2017 5,57%
P/E ratio 2017 13,59
P/E ratio 2018 12,96
Capi. / Sales 2017 4,45x
Capi. / Sales 2018 4,21x
Capitalization 102 108 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 9,75  MYR
Spread / Average Target 0,88%
EPS Revisions
Managers
NameTitle
Abdul Farid bin Alias President, CEO & Executive Director
Mohaiyani binti Shamsudin 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
Sector and Competitors
1st jan.Capitalization (M$)
MALAYAN BANKING BERHAD23 812
JP MORGAN CHASE & COMPANY5.16%319 311
INDUSTRIAL AND COMMRCL BANK OF CHINA LTD27.44%287 998
WELLS FARGO-6.22%256 537
BANK OF AMERICA6.88%232 671
CHINA CONSTRUCTION BANK CORPORATION24.26%225 304