|Subject||NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
DIVIDEND REINVESTMENT SCHEME ("DRS") ON THE INTERIM DIVIDEND IN RESPECT OF THE FINANCIAL YEAR ENDING 31 DECEMBER 2018
We refer to the announcements dated 21 September 2018, 26 September 2018, 27 September 2018 and 16 October 2018 in relation to the DRS (“Announcements”). Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the Announcements.
On behalf of the Board, CIMB wishes to announce that the Board has decided, after careful deliberation, to exercise its right to cancel the application of the DRS on the electable portion of the Interim Dividend, as provided for in paragraphs 5(g) and 11 of the terms and conditions of the Dividend Reinvestment Scheme Statement dated 16 October 2018.
Accordingly, the entitled shareholders of Axiata will receive the entire Interim Dividend of RM0.05 per Share in cash on 12 November 2018. A notification on the cancellation will be despatched to the entitled shareholders of Axiata.
In view of the softer equity markets, the Board is of the view that a full cash dividend would offer shareholders better value at this point of time.
The cancellation will not have any material effect on the issued share capital, earnings per share, net assets per share, gearing and the substantial shareholders’ shareholdings of Axiata.
This announcement is dated 5 November 2018.
|Company Name||AXIATA GROUP BERHAD|
|Date Announced||05 Nov 2018|
|Category||General Announcement for PLC|