We refer to the Company’s announcements dated 29 February 2024, 19 March 2024 and 25 March 2024 (“Announcements”) in relation to the 7th DRP. Unless otherwise defined, the definitions set out in the Announcements shall apply in this announcement.

On behalf of the Board, Affin Hwang IB wishes to announce that the issue price of the new ABB Shares to be issued pursuant to the 7th DRP has been fixed today (“Price-Fixing Date”) at RM2.176 per new ABB Share after taking into consideration the following:

(a)        5-day volume weighted average market price up to and including 24 April 2024, being the latest trading day prior to the Price-Fixing Date, of RM2.4707 per ABB Share (“5-day VWAP”); and

(b)        an adjustment of RM0.0576, being the Final Dividend, to the 5-day VWAP. Consequently, the ex-dividend VWAP is RM2.4131 per ABB Share (“Ex-Dividend VWAP”).

The issue price of the new ABB Shares to be issued represents a discount of RM0.2371 which is approximately 9.83% discount to the Ex-Dividend VWAP.

On behalf of the Board, Affin Hwang IB also wishes to announce that the books closure date for the Final Dividend has been fixed on 13 May 2024.

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 15 May 2024 and the election period for the 7th DRP will close on 30 May 2024.

Barring any unforeseen circumstances, the new ABB Shares arising from the 7th DRP will be listed on the Main Market of Bursa Securities on 13 June 2024.

This announcement is dated 25 April 2024.