|Entitlement subject||Interim Dividend (with Dividend Re-Investment Plan)|
Single-tier interim dividend in respect of the financial year ended 31 December 2020 of RM0.035 per ordinary share of AFFIN Bank Berhad ("ABB")
|Ex-Date||22 Mar 2021|
|Entitlement date||23 Mar 2021|
|Entitlement time||5:00 PM|
|Financial Year End||31 Dec 2020|
|Share transfer book & register of members will be||to closed from (both dates inclusive) for the purpose of determining the entitlement|
|Payment Date||19 Apr 2021|
|a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers||23 Mar 2021|
|b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit|
|c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.|
|Number of new shares/securities issued (units)
|Entitlement in Currency||Malaysian Ringgit (MYR) 0.0350|
|Options Available to Shareholders||Cash or Securities|
|Tax Indicator||Tax Exempt / Non-taxable|
|Currency||Malaysian Ringgit (MYR)|
|Re-invest Cash Entitlement into Securities|
|Entitlement||Malaysian Ringgit (MYR) 0.0350|
AFFIN BANK BERHAD
|Issue Price per Unit||Malaysian Ringgit (MYR) 1.5100|
|Deadline To Respond||08 Apr 2021 05:00 PM|
|Securities Crediting Date||19 Apr 2021|
|Available/Listing Date||20 Apr 2021|
|Fractional Entitlement||Round Down / Fraction Disregard|
Note: You will receive Cash^ if you do not Re-invest.
|Registrar or Service Provider name, address, telephone no||TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD
Unit 32-01, Level 32, Tower A,
Vertical Business Suite, Avenue 3, Bangsar South,
No. 8, Jalan Kerinchi
59200 Kuala Lumpur
On 26 February 2021, the Board of Directors of ABB ("Board") announced its quarterly report on consolidated results for the financial year ended 31 December 2020 ("FYE 2020"), wherein the Board had proposed a single-tier interim dividend in respect of the FYE 2020 of 3.50 sen per ordinary share in ABB ("ABB Share") ("Interim Dividend"). The Board had also determined that the dividend reinvestment plan will apply to the Interim Dividend ("3rd DRP"), in which the entire Interim Dividend can be elected to be reinvested into new ABB Shares.
Bank Negara Malaysia had granted its approval on 26 February 2021 for the increase in the issued share capital of ABB of up to 73.0 million new ABB Shares to be issued pursuant to the 3rd DRP. Bursa Malaysia Securities Berhad had, vide its letter dated 5 March 2021, resolved to approve the listing of and quotation for up to 73.0 million new ABB Shares on the Main Market of Bursa Securities to be issued pursuant the 3rd DRP.
Following the above, on 9 March 2021, Affin Hwang Investment Bank Berhad ("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 3rd DRP has been fixed on 9 March 2021 ("Price-Fixing Date") at RM1.51 per new ABB Share after taking the consideration the following:
(i) 5-day volume weighted average market price ("VWAP") of RM1.7127 per ABB Share up to and including 8 March 2021, being the latest trading day prior to the Price-Fixing Date; and
(ii) a dividend adjustment of RM0.035 to the 5-day VWAP ("Ex-Dividend VWAP").
The issue price of the new ABB Shares to be issued represents a discount of RM0.1677 which is approximately 10.00% discount to the Ex-Dividend VWAP of RM1.6777.
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 25 March 2021 and the election period for the 3rd DRP will close on 8 April 2021.
Barring any unforeseen circumstances, the new ABB Shares arising from the 3rd DRP will be listed on the Main Market of Bursa Malaysia Securities Berhad on 20 April 2021.
This announcement is dated 9 March 2021.
|Company Name||AFFIN BANK BERHAD|
|Date Announced||09 Mar 2021|
|Category||Entitlement(Notice of Book Closure)|
|Corporate Action ID||MY210309DRIP0001|