Maybank fixes issue price of new shares at RM9 each

Maybank Investment Bank Bhd (Maybank IB), on behalf of Maybank, in a filing with Bursa Malaysia yesterday, said the issue price was based on the five-day volume weighted average market price (VWAMP) of RM9.68 per Maybank share up to and including Sept 15,2017, being the last trading day prior to the price-fixing date.

KUALA LUMPUR: Malayan Banking Bhd (Maybank) has fixed the issue price of new shares pursuant to the 15th dividend reinvestment plan (DRP) for the single-tier interim dividend of the financial year 2017 at RM9 apiece.

Maybank Investment Bank Bhd (Maybank IB), on behalf of Maybank, in a filing with Bursa Malaysia yesterday, said the issue price was based on the five-day volume weighted average market price (VWAMP) of RM9.68 per Maybank share up to and including Sept 15,2017, being the last trading day prior to the price-fixing date.