Notice Of Book Closure

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")

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Dividend” as from: 22 Mar 2021
2)  The last date of lodgment : 23 Mar 2021
3)  Date Payable : 19 Apr 2021

Remarks : 

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.

Announcement Info