AFFIN
Final Dividend (with Dividend Re-Investment Plan)
| AFFIN BANK BERHAD |
| Entitlement subject | Final Dividend (with Dividend Re-Investment Plan) |
| Entitlement description | Single-tier final dividend in respect of the financial year ended 31 December 2021 of RM0.125 per ordinary share of Affin Bank Berhad ("ABB") |
| Ex-Date | 09 Jun 2022 |
| Entitlement date | 10 Jun 2022 |
| Entitlement time | 5:00 PM |
| Financial Year End | 31 Dec 2021 |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| Payment Date | 07 Jul 2022 |
| a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 10 Jun 2022 |
| 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) (If applicable) |
|
| Entitlement indicator | Currency |
| Entitlement in Currency | Malaysian Ringgit (MYR) 0.1250 |
| Options Available to Shareholders | Cash or Securities |
| Cash | |
| Cash^ Entitlement | |
| 1 | |
| Tax Indicator | Tax Exempt / Non-taxable |
| Currency | Malaysian Ringgit (MYR) |
| Amount | 0.1250 |
| or Securities | |
| Re-invest Cash Entitlement into Securities | |
| Entitlement | Malaysian Ringgit (MYR) 0.1250 |
| Company Name |
AFFIN BANK BERHAD |
| Issue Price per Unit | Malaysian Ringgit (MYR) 1.8400 |
| Deadline To Respond | 28 Jun 2022 05:00 PM |
| Securities Crediting Date | 07 Jul 2022 |
| Available/Listing Date | 08 Jul 2022 |
| 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 Wilayah Persekutuan Malaysia Tel:03-27839299 Fax:03-27839222 |
| Remarks : |
On 28 February 2022, the Board of Directors of ABB ("Board") announced its quarterly report on consolidated results for the financial year ended 31 December 2021 ("FYE 2021"), wherein the Board had proposed a single-tier final dividend in respect of the FYE 2021 of 12.50 sen per ordinary share in ABB ("ABB Share") ("Final Dividend"). The Board had also determined that the dividend reinvestment plan will apply to the Final Dividend ("4th DRP"), in which the entire Final Dividend can be elected to be reinvested into new ABB Shares.
Bank Negara Malaysia had granted its approval on 28 February 2022 for the increase in the issued share capital of ABB of up to 265,507,802 new ABB Shares to be issued pursuant to the 4th DRP. Bursa Malaysia Securities Berhad ("Bursa Securities") had, vide its letter dated 17 May 2022, resolved to approve the listing of and quotation for up to 265,507,802 new ABB Shares on the Main Market of Bursa Securities to be issued pursuant the 4th DRP.
The shareholders of ABB had approved the Final Dividend at the annual general meeting of ABB held on 25 May 2022.
Following the above, on 25 May 2022, 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 4th DRP has been fixed on 25 May 2022 ("Price-Fixing Date") at RM1.84 per new ABB Share after taking the consideration the following:
(a) 5-day volume weighted average market price up to and including 24 May 2022, being the latest trading day prior to the Price-Fixing Date, of RM2.1638 per ABB Share ("5-day VWAP"); and
(b) an adjustment of RM0.125, being the Final Dividend, to the 5-day VWAP. Consequently, the ex-dividend VWAP is RM2.0388 per ABB Share ("Ex-Dividend VWAP").
The issue price of the new ABB Shares to be issued represents a discount of RM0.1988 which is approximately 9.75% discount to the Ex-Dividend VWAP.
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 14 June 2022 and the election period for the 4th DRP will close on 28 June 2022.
Barring any unforeseen circumstances, the new ABB Shares arising from the 4th DRP will be listed on the Main Market of Bursa Securities on 8 July 2022.
This announcement is dated 25 May 2022. |
Announcement Info
| Company Name | AFFIN BANK BERHAD |
| Stock Name | AFFIN |
| Date Announced | 25 May 2022 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-25052022-00005 |
| Corporate Action ID | MY220525DRIP0001 |