AFFIN

Interim Dividend (with Dividend Re-Investment Plan)

AFFIN BANK BERHAD

Entitlement subject Interim Dividend (with Dividend Re-Investment Plan)
Entitlement description
Single-tier interim dividend of RM0.0453 per ordinary share of Affin Bank Berhad in respect of the financial year ending 31 December 2022
Ex-Date 30 Nov 2022
Entitlement date 01 Dec 2022
Entitlement time 5:00 PM
Financial Year End 31 Dec 2022
Share transfer book & register of members will be  to  closed from (both dates inclusive) for the purpose of determining the entitlement
Payment Date 29 Dec 2022
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 01 Dec 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)  0.0453
Options Available to Shareholders Cash or Securities

Cash

Cash^ Entitlement

1
Tax Indicator Tax Exempt / Non-taxable
Currency Malaysian Ringgit (MYR)
Amount 0.0453

or Securities

Re-invest Cash Entitlement into Securities
Entitlement Malaysian Ringgit (MYR)  0.0453
Company Name
AFFIN BANK BERHAD
Issue Price per Unit Malaysian Ringgit (MYR) 1.8500
Deadline To Respond 19 Dec 2022 05:00 PM
Securities Crediting Date 29 Dec 2022
Available/Listing Date 30 Dec 2022
Fractional Entitlement
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:0327839299
Fax:0327839222


Remarks :
(Unless otherwise defined, the abbreviations used throughout this announcement are the same as those used in the announcements dated 18 October 2022, 19 October 2022, 27 October 2022 and 15 November 2022 in relation to the 5th DRP).

On 18 October 2022, the Board had announced the following:

(i) a Special Dividend of RM0.1809 per ABB Share amounting to approximately RM400.21 million from the extraordinary gain from the divestment of AHAM, to be paid out to the shareholders of ABB to reward shareholders for their continuous support.

The Special Dividend has been approved by ABBs shareholders at an extraordinary general meeting held on 15 November 2022.

(ii) an Interim dividend of RM0.0453 per ABB Share for the current financial year ending 31 December 2022 amounting to approximately RM100.22 million, to be paid out to the shareholders of ABB.

The Board has also determined that the 5th DRP will apply to:

(a) the Proposed Special Dividend, in which RM0.1085 per ABB Share will be paid in cash and the remaining RM0.0724 per ABB Share can be elected to be reinvested into new ABB Shares; and

(b) the Interim Dividend, in which the entire Interim Dividend of RM0.0453 per ABB Share can be elected to be reinvested into new ABB Shares.

Bank Negara Malaysia has granted its approval via its letter dated 17 October 2022 for the increase in the issued share capital of ABB of up to 255,285,502 new ABB Shares to be issued. Bursa Securities, had vide its letter dated 26 October 2022, resolved to approve the listing of and quotation for up to 255,285,502 new ABB Shares on the Main Market of Bursa Securities to be issued pursuant the 5th DRP.

Following the above, on 15 November 2022, 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 5th DRP has been fixed on 15 November 2022 ("Price-Fixing Date") at RM1.85 per new ABB Share ("Issue Price"). 

The Issue Price is fixed based on the 5-day volume weighted average market price ("5-day VWAP") of ABB Shares of RM2.2802 per ABB Share up to and including 14 November 2022, being the last trading day before the Price Fixing Date, after adjusting for the following:

(i) the aggregate Special Dividend and Interim Dividend of RM0.2262 to the 5-day VWAP of ABB Shares ("Ex-Dividend VWAP"). The Ex-Dividend VWAP is RM2.0540 per ABB Share; and

(ii) a  discount of RM0.2040, which is approximately 9.93% discount to the Ex-Dividend VWAP of RM2.0540.

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 5 December 2022 and the election period for the 5th DRP will close on 19 December 2022.

Barring any unforeseen circumstances, the new ABB Shares arising from the 5th DRP will be listed on the Main Market of Bursa Securities on 30 December 2022.


This announcement is dated 15 November 2022.


Announcement Info

Company Name AFFIN BANK BERHAD
Stock Name AFFIN
Date Announced 15 Nov 2022
Category Entitlement(Notice of Book Closure)
Reference Number ENT-15112022-00003
Corporate Action ID MY221115DRIP0001


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