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The Affin Bank Group is a financial services conglomerate. The Group's activities focus on commercial, Islamic and investment banking services, money broking and underwriting of life and general insurance business.
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) OTHER ISSUE OF SECURITIES |
| Description | AFFIN BANK BERHAD ("ABB" OR "BANK") DIVIDEND REINVESTMENT PLAN THAT GIVES THE SHAREHOLDERS OF ABB THE OPTION TO REINVEST THEIR CASH DIVIDENDS DECLARED BY ABB IN NEW ORDINARY SHARES IN ABB ("DRP") |
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We refer to the announcement dated 28 November 2018 by ABB on its quarterly results for the financial period ended 30 September 2018, wherein the Board of Directors of ABB (“Board”) has declared a single-tier interim dividend in respect of the financial year ending 31 December 2018 of 5.00 sen per ordinary share in ABB (“ABB Shares”) (“Interim Dividend”). On behalf of the Board, we wish to announce that: (i) The Board had determined that the DRP be applied to the Interim Dividend and 100% of the Interim Dividend can be elected to be reinvested in new ABB Shares in accordance with the DRP (“1st DRP”); and (ii) Bank Negara Malaysia has granted its approval via letter dated 28 November 2018 for ABB to increase its issued share capital of up to 49.3 million through issuance of new ABB Shares arising from the implementation of the 1st DRP.
This announcement is dated 28 November 2018. |
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| Company Name | AFFIN BANK BERHAD |
| Stock Name | AFFIN |
| Date Announced | 28 Nov 2018 |
| Category | General Announcement for PLC |
| Reference Number | GA1-28112018-00072 |
Copyright 2020 Affin Bank Berhad 197501003274 (25046-T).
