(Unless otherwise defined, defined terms used in this announcement shall carry the same meanings as defined in the announcements dated 23 August 2013, 9 September 2013, 20 September 2013 and 23 September 2013 in relation to the Proposed DRP ("Announcements")).
We refer to the Announcements in relation to the Proposed DRP.
Following the Companys EGM held on 9 October 2013, on behalf of the Board, Bank Islam Malaysia Berhad wishes to announce that the Board has approved the following matters:
(a) that the DRP shall apply to the Interim Dividend of RM0.03, which was declared by PESTECH on 23 August 2013, and that the entire Interim Dividend can be elected to be reinvested in New Shares (First DRP);
(b) that the Issue Price for the New Shares to be issued pursuant to the First DRP, which was fixed today (Price Fixing Date), is RM2.11 per Share. The Issue Price was computed based on the adjusted VWAP for the 5-Market Day (up to and including 8 October 2013) prior to the Price Fixing Date of approximately RM2.37 after deducting the Interim Dividend of RM0.03 per Share and thereafter, applying a discount of approximately 10%; and
(c) that the Books Closure Date for the Interim Dividend and First DRP shall be 24 October 2013. Barring any unforeseen circumstances, the New Shares will be listed on the Main Market of Bursa Securities by 22 November 2013.
This announcement is dated 9 October 2013.