Unless otherwise stated, all definitions and terms used in this announcement shall have the same meanings as defined in PBB’s announcements dated 8 December 2020 and 9 December 2020.

Reference is made to the announcements dated 8 December 2020 and 9 December 2020 in relation to the Proposed Bonus Issue.

On behalf of the Board, PIVB is pleased to announce that Bursa Securities had via its letter dated 18 December 2020, resolved to approve the listing and quotation for up to 15,528,553,388 Bonus Shares to be issued pursuant to the Proposed Bonus Issue on the Main Market of Bursa Securities, subject to the following conditions:

(i) PBB and PIVB must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Bonus Issue;

(ii) PBB and PIVB to inform Bursa Securities upon the completion of the Proposed Bonus Issue;

(iii) PBB/PIVB to furnish Bursa Securities with a certified true copy of the resolution passed by shareholders at the forthcoming general meeting for the Proposed Bonus Issue;

(iv) PBB and PIVB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Bonus Issue is completed; and

(v) PBB and PIVB are required to make the relevant announcements pursuant to Paragraphs 6.35(2)(a)&(b) and 6.35(4) of the Listing Requirements.

We also wish to announce that Bank Negara Malaysia had vide its letter dated 18 December 2020, approved PBB’s application for the Proposed Bonus Issue. 

This announcement is dated 18 December 2020.