Maybank Reinvestment Plan

Maybank (counter code: 1155) offer Reinvestment Plan & dividend.


You can choose options below:

Option A: Accept e-dividend 0.44 cents – 25% of tax

Option B: Accept 40.0 shares and 4.0 cash


If you choose Option A:
no action taken and kindly ignored the election form which will going to post after
22 Nov 2010


If you choose Option B:
Maybank offer price RM 7.70 per units to shareholder and total dividend given to shareholder for option B is RM 0.33 cents



Meaning:

If you purchase 1000 units of MAYBANK

Shares given to you: 1000 x 0.30/7.70 =38 units

Cash given to you: 1000 x 0.03 = RM 30



*Kindly wait for the election form which will going to post after 22 Nov and fill-up your particulars then post accordingly.


Below was the announcement from MAYBANK
(sources from OSK188 online trading platform):

MALAYAN BANKING BERHAD (MAYBANK)


RECURRENT AND OPTIONAL DIVIDEND REINVESTMENT PLAN THAT ALLOWS SHAREHOLDERS OF

MAYBANK TO REINVEST THEIR DIVIDEND IN NEW ORDINARY SHARE(S) OF RM1.00 EACH IN

MAYBANK (MAYBANK SHARES) (DIVIDEND REINVESTMENT PLAN)

Reference is made to the announcements dated 25 March 2010, 29 September 2010,

4 October 2010 and 12 October 2010 in relation to the Dividend Reinvestment

Plan.

On 29 September 2010, the shareholders of Maybank approved the final dividend

in respect of financial year ended 30 June 2010 of 44 sen less 25% tax (Final

Dividend). The gross dividend consists of an electable portion of 40 sen (30

sen net per ordinary share) which can be elected to be reinvested in new

Maybank Shares in accordance with the Dividend Reinvestment Plan.

On 29 September 2010, the shareholders of Maybank also resolved that the issue

price of the new Maybank Shares shall be fixed by the Board of Directors of

Maybank (Board) at no more than a ten percent (10%) discount to the adjusted

five (5)-day volume weighted average market price (VWAMP) of Maybank Shares

immediately prior to the price-fixing date, of which the VWAMP shall be

adjusted ex-dividend before applying the aforementioned discount in fixing the

issue price.

On behalf of the Board, Maybank Investment Bank Berhad (Maybank IB) wishes t

announce that the issue price of new Maybank Shares to be issued pursuant to

the Dividend Reinvestment Plan has been fixed today (Price Fixing Date) at

RM7.70 per new Maybank Share. The issue price is based on the five (5)-day

VWAMP of RM8.99 per Maybank Share up to and including 3 November 2010, being

the last trading day prior to the Price Fixing Date for the issue price of new

Maybank Shares after adjusting for the following:

(i) a gross dividend adjustment of RM0.44 to the five (5)-day VWAMP

(Ex-Dividend VWAMP); and

(ii) a discount of RM0.85 which is approximately 9.9% discount to the

Ex-Dividend VWAMP of RM8.55.

On behalf of the Board, Maybank IB, will also announce on even date that th

Book Closure Date pursuant to the Final Dividend and Dividend Reinvestment Plan

has been fixed for 22 November 2010.

The new Maybank Shares arising from the Dividend Reinvestment Plan will be

listed on the Main Market of Bursa Malaysia Securities Berhad on 21 December

2010.

This announcement is dated 4 November 2010.