Investors

We refer to the announcements dated 23 March 2020 and 26 March 2020 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 Dividend, as provided for in paragraphs 5(g) and 11 of the terms and conditions of the Dividend Reinvestment Scheme Statement in Appendix II of the circular to shareholders dated 6 May 2014.

Accordingly, the entitled shareholders of Axiata will receive the entire Dividend of RM0.045 per Share (comprising the dividend of RM0.040 per Share and special dividend of RM0.005 per Share) in cash. An announcement on the books closure date for the Dividend will be made in due course. 

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 earnings per share and net assets per share of Axiata.

This announcement is dated 3 April 2020.