Bursa Announcements

Date : 11 March 2020

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIES SUNWAY BERHAD ("SUNWAY" OR THE "COMPANY") DIVIDEND REINVESTMENT SCHEME FOR THE SECOND INTERIM SINGLE TIER CASH DIVIDEND FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019

SUNWAY BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description
SUNWAY BERHAD ("SUNWAY" OR THE "COMPANY")

DIVIDEND REINVESTMENT SCHEME FOR THE SECOND INTERIM SINGLE TIER CASH DIVIDEND FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019

Unless otherwise stated, all capitalised terms set out herein shall have the same meanings as those set out in Sunway’s announcements dated 25 February 2020, 26 February 2020 and 4 March 2020 in relation to the DRS.

 

On behalf of the Board of Sunway, Kenanga IB wishes to announce that the issue price of the new Sunway Shares to be issued pursuant to the DRS, which is applicable to the entire portion of the Second Interim Dividend (i.e. 4.5 sen per Sunway Share in respect of the financial year ended 31 December 2019), has been fixed today (“Price Fixing Date”) at RM1.54 per new Sunway Share (“Issue Price”). The Issue Price is based on the five (5)-market day VWAMP of RM1.7488 per Sunway Share up to and including 10 March 2020, being the last trading day prior to the Price Fixing Date for the issue price of new Sunway Shares after adjusting for the following:-

 

i.  a dividend adjustment of 4.5 sen to the five (5)-market day VWAMP (“Ex-Dividend VWAMP”); and

 

ii. a discount of RM0.1638 which is approximately 9.61% discount to the Ex-Dividend VWAMP of RM1.7038.

 

For shareholders’ information, the book closure date for the Second Interim Dividend and the DRS has been fixed on 26 March 2020.

 

A copy of the Notice of Election and Dividend Reinvestment Form will be despatched to the entitled shareholders of Sunway (save for foreign addressed shareholders of Sunway) on 30 March 2020. The election period for the DRS will close on 13 April 2020.

 

Barring any unforeseen circumstances, the new Sunway Shares to be issued pursuant to the DRS will be listed on the Main Market of Bursa Securities on 23 April 2020.

 

This announcement is dated 11 March 2020.






Announcement Info

Company Name SUNWAY BERHAD
Stock Name SUNWAY
Date Announced 11 Mar 2020
Category General Announcement for PLC
Reference Number GA1-11032020-00060


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