MBSB
Final Dividend
| MALAYSIA BUILDING SOCIETY BERHAD |
| EX-date | 24 May 2017 |
| Entitlement date | 26 May 2017 |
| Entitlement time | 05:00 PM |
| Entitlement subject | Final Dividend |
| Entitlement description | Single-Tier Final Dividend in respect of the financial year ended 31 December 2016 of 3.0 sen net per ordinary share in MBSB. |
| Period of interest payment | to |
| Financial Year End | 31 Dec 2016 |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| 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 59200Kuala Lumpur Tel:0327839299 Fax:0327839222 |
| Payment date | 22 Jun 2017 |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 26 May 2017 |
| b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit | 24 May 2017 |
| 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) (If applicable) | |
| Entitlement indicator | Currency |
| Currency | Malaysian Ringgit (MYR) |
| Entitlement in Currency | 0.03 |
| Par Value | Malaysian Ringgit (MYR) 0.000 |
| Remarks : |
The Board of Directors had on 22 February 2017 recommended a Single-Tier Final Dividend of 3.0% (3.0 sen net per Ordinary Share) for the financial year ended 31 December 2016. Based on the share capital of 5,798,774,158 ordinary shares as at 10 February 2017, the Single-Tier Final Dividend payable would be approximately RM173.963 million.
The Board of Directors has determined that the option to reinvest via the Dividend Reinvestment Plan ("DRP") shall apply to the entire portion of the proposed Single-Tier Final Dividend of 3.0% for the financial year ended 31 December 2016.
Under DRP, shareholders will have the following options in respect of the electable portion:-
(a) elect to exercise the option and thereby reinvest the entire electable portion (or a part thereof) at the issue price of the new MBSB shares ("DRP Price") and to receive cash for the remaining portion of the dividend (in the event that only part of the electable portion is reinvested); or
(b) elect not to exercise the option and thereby receive their entire dividend entitlement wholly in cash.
There will be no brokerage fees and other related transaction costs payable by shareholders on the new MBSB shares allotted pursuant to the DRP.
In the event that shareholders confirm their election via Tricor Investor & Issuing House Services Sdn Bhd's ("TIIH") online system, a handling fee of RM2.00 (inclusive of the good and services tax) is chargeable by TIIH.
Due to migration to the no par value regime under Companies Act, 2016, par value is no longer relevant.
This announcement is dated 12 May 2017. |
Announcement Info
| Company Name | MALAYSIA BUILDING SOCIETY BERHAD |
| Stock Name | MBSB |
| Date Announced | 12 May 2017 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-11052017-00001 |