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 2023 of 5.76 sen per ordinary share of Affin Bank Berhad ("ABB") |
| Ex-Date | 10 May 2024 |
| Entitlement date | 13 May 2024 |
| Entitlement time | 5:00 PM |
| Financial Year End | 31 Dec 2023 |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| Payment Date | 12 Jun 2024 |
| a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 13 May 2024 |
| 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) 0.0576 |
| Options Available to Shareholders | Cash or Securities |
| Cash | |
| Cash^ Entitlement | |
| 1 | |
| Tax Indicator | Tax Exempt / Non-taxable |
| Currency | Malaysian Ringgit (MYR) |
| Amount | 0.0576 |
| or Securities | |
| Re-invest Cash Entitlement into Securities | |
| Entitlement | Malaysian Ringgit (MYR) 0.0576 |
| Company Name |
AFFIN BANK BERHAD |
| Issue Price per Unit | Malaysian Ringgit (MYR) 2.1760 |
| Deadline To Respond | 30 May 2024 05:00 PM |
| Securities Crediting Date | 12 Jun 2024 |
| Available/Listing Date | 13 Jun 2024 |
| 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:0327839299 Fax:0327839222 |
| Remarks : |
On 29 February 2024, the Board of Directors of ABB ("Board") announced its quarterly report on the Company's consolidated results for the financial year ended 31 December 2023 ("FYE 2023"), wherein the Board had proposed a single-tier final dividend in respect of the FYE 2023 of 5.76 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 ("7th 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 2024 for the increase in the paid-up ordinary share capital of ABB pursuant to the 7th DRP limited to the total value of the Final Dividend. Bursa Malaysia Securities Berhad ("Bursa Securities") had, vide its letter dated 22 March 2024, resolved to approve the listing of and quotation for up to 125,146,045 new ABB Shares on the Main Market of Bursa Securities to be issued pursuant to the 7th DRP.
The shareholders of ABB had approved the Final Dividend at the annual general meeting of ABB held on 25 April 2024.
Following the above, on 25 April 2024, 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 7th DRP has been fixed on 25 April 2024 ("Price-Fixing Date") at RM2.176 per new ABB Share after taking the 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.
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. |
Announcement Info
| Company Name | AFFIN BANK BERHAD |
| Stock Name | AFFIN |
| Date Announced | 25 Apr 2024 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-25042024-00015 |
| Corporate Action ID | MY240425DRIP0001 |