Notice Of Book Closure

1. Single-tier interim dividend of RM0.0453 per ordinary share of Affin Bank Berhad in respect of the financial year ending 31 December 2022
2. Single-tier special dividend of RM0.1809 per ordinary share of Affin Bank Berhad

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Dividend” as from: 30 Nov 2022
2)  The last date of lodgment : 01 Dec 2022
3)  Date Payable : 29 Dec 2022

Remarks:

(Unless otherwise defined, the abbreviations used throughout this announcement are the same as those used in the announcements dated 18 October 2022, 19 October 2022, 27 October 2022 and 15 November 2022 in relation to the 5th DRP).

On 18 October 2022, the Board had announced the following:

(i) a Special Dividend of RM0.1809 per ABB Share amounting to approximately RM400.21 million from the extraordinary gain from the divestment of AHAM, to be paid out to the shareholders of ABB to reward shareholders for their continuous support.

The Special Dividend has been approved by ABBs shareholders at an extraordinary general meeting held on 15 November 2022.

(ii) an Interim dividend of RM0.0453 per ABB Share for the current financial year ending 31 December 2022 amounting to approximately RM100.22 million, to be paid out to the shareholders of ABB.

The Board has also determined that the 5th DRP will apply to:

(a) the Proposed Special Dividend, in which RM0.1085 per ABB Share will be paid in cash and the remaining RM0.0724 per ABB Share can be elected to be reinvested into new ABB Shares; and

(b) the Interim Dividend, in which the entire Interim Dividend of RM0.0453 per ABB Share can be elected to be reinvested into new ABB Shares.

Bank Negara Malaysia has granted its approval via its letter dated 17 October 2022 for the increase in the issued share capital of ABB of up to 255,285,502 new ABB Shares to be issued. Bursa Securities, had vide its letter dated 26 October 2022, resolved to approve the listing of and quotation for up to 255,285,502 new ABB Shares on the Main Market of Bursa Securities to be issued pursuant the 5th DRP.

Following the above, on 15 November 2022, Affin Hwang IB had, on behalf of the Board, announced that the issue price of the new ABB Shares to be issued pursuant to the 5th DRP has been fixed on 15 November 2022 ("Price-Fixing Date") at RM1.85 per new ABB Share ("Issue Price").

The Issue Price is fixed based on the 5-day volume weighted average market price ("5-day VWAP") of ABB Shares of RM2.2802 per ABB Share up to and including 14 November 2022, being the last trading day before the Price Fixing Date, after adjusting for the following:

(i) the aggregate Special Dividend and Interim Dividend of RM0.2262 to the 5-day VWAP of ABB Shares ("Ex-Dividend VWAP"). The Ex-Dividend VWAP is RM2.0540 per ABB Share; and

(ii) a discount of RM0.2040, which is approximately 9.93% discount to the Ex-Dividend VWAP of RM2.0540.

A copy of the Notice of Election (including the Dividend Reinvestment Form) will be despatched to all the entitled shareholders of ABB (save for foreign-addressed shareholders of ABB) on 5 December 2022 and the election period for the 5th DRP will close on 19 December 2022.

Barring any unforeseen circumstances, the new ABB Shares arising from the 5th DRP will be listed on the Main Market of Bursa Securities on 30 December 2022.

Announcement Info