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eDividend

eDividend is a service which allows a listed issuer to electronically pay cash dividend entitlements directly into your bank account instead of making payment via bank cheques.
 
During the tabling of the Federal Budget 2010, the Prime Minister announced that all listed issuers are required to offer eDividend services to their shareholders in order to promote greater efficiency of the payment system which is aligned to the national agenda of migrating to electronic payment. On 19 February 2010, Bursa Malaysia had issued a directive informing listed issuers of the implementation of eDividend with effect from 1 September 2010.
 
Shareholders may now start to provide their bank account information to Bursa Malaysia Depository Sdn Bhd in order to receive eDividend after 1 September 2010. Shareholders are given a one-year grace period from 19 April 2010 to 18 April 2011 to supply their bank account information for eDividend to your Authorised Depository Agent or stock broker for FREE. After the one-year grace period, an administrative fee may be applicable.
 
Dividend entitlements announced on or after 1 September 2010 will be paid via eDividend to shareholders who have provided their bank account information.
 
Shareholders are therefore encouraged to provide your bank account information to your stock broker as soon as possible so that you may receive your eDividend in the future in a timely, effective and efficient manner.
 
Click on How to Register? for the steps on registration for eDividend.
 
Please download the eDividend Form here and submit it to your stock broker today!
 
Please refer to the eDividend Framework and FAQ for more information about eDividend.