General Announcement for PLC

30/06/2020

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")

MALAYSIA BUILDING SOCIETY BERHAD

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


Related Announcements for MBSB
Date Title
04/07/2022 WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR MEMBERS' VOLUNTARY WINDING-UP OF A SUBSIDIARY
09/06/2022 OTHERS CHANGE IN COMPOSITION OF BOARD OF DIRECTORS IN MBSB BANK BERHAD ("MBSB BANK"), A WHOLLY-OWNED SUBSIDIARY OF MALAYSIA BUILDING SOCIETY BERHAD ("MBSB")
22/04/2022 OTHERS EXCLUSIVITY AGREEMENT BETWEEN MALAYSIA BUILDING SOCIETY BERHAD (MBSB) AND PERMODALAN NASIONAL BERHAD (PNB)
06/04/2022 OTHERS BANK NEGARA MALAYSIA (BNM) APPROVAL TO COMMENCE NEGOTIATIONS BETWEEN MALAYSIA BUILDING SOCIETY BERHAD (MBSB) AND PERMODALAN NASIONAL BERHAD (PNB)
17/12/2021 OTHERS MALAYSIA BUILDING SOCIETY BERHAD ("MBSB" OR "THE COMPANY") PROPOSED SINGLE-TIER INTERIM CASH DIVIDEND FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2021
25/10/2021 WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR MEMBERS' VOLUNTARY WINDING-UP OF A SUBSIDIARY
15/08/2021 OTHERS THE DEMISE OF DATUK SERI AHMAD ZAINI OTHMAN, GROUP PRESIDENT AND CHIEF EXECUTIVE OFFICER OF MALAYSIA BUILDING SOCIETY BERHAD AND ITS GROUP OF COMPANIES; AND THE APPOINTMENT OF DATUK NOR AZAM M. TAIB AS THE ACTING GROUP PRESIDENT AND CHIEF EXECUTIVE OFFICER OF MALAYSIA BUILDING SOCIETY BERHAD AND ITS GROUP OF COMPANIES.
02/08/2021 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIES DIVIDEND REINVESTMENT PLAN APPLICABLE TO THE FINAL DIVIDEND IN RESPECT OF THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 ("DRP")
02/08/2021 DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : DEALINGS DURING CLOSED PERIOD
27/07/2021 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIES DIVIDEND REINVESTMENT PLAN APPLICABLE TO THE FINAL DIVIDEND IN RESPECT OF THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 ("DRP")