Dividend Reinvestment Scheme
DIVIDEND REINVESTMENT SCHEME APPLICABLE TO THE SECOND INTERIM SINGLE-TIER DIVIDEND FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023
On 21 February 2024, the Board of Directors of Sunway Berhad (“Sunway”) (“Board”) had declared a second interim single-tier dividend of 3.5 sen per ordinary share in Sunway (“Sunway Share”) in respect of the financial year ended 31 December 2023 (“Second Interim Dividend”). The Board had also resolved that the dividend reinvestment scheme (“DRS”), which was approved by the shareholders of Sunway (“Shareholders”) at the Extraordinary General Meeting of Sunway held on 26 June 2014, will apply to the entire Second Interim Dividend. The Shareholders will be provided the option to elect to reinvest the entire Second Interim Dividend into new Sunway Shares (“New Shares”).
Please find below the DRS statement and Notice of Election (which includes the Dividend Reinvestment Form (“DRF”) for your reference:
DRS Key information :
Issue price: RM2.51 per New Share
Price fixing date: 5 March 2024
The issue price was fixed based on the five-day volume weighted average market price (“VWAMP”) of Sunway Shares of RM2.8167 per Sunway Share up to and including 4 March 2024, being the last trading day before the price fixing date, after adjusting for the following:
the second interim dividend of RM0.035 per Sunway Share of the five-day VWAMP of Sunway Shares (“Ex-Dividend VWAMP”); and
a discount of RM0.2717, which is approximately 9.77% discount to the Ex-Dividend VWAMP of RM2.7817.
Key Dates:
Ex-Dividend Date :
Monday, 18 March 2024
Books Closure (Entitlement) Date :
Tuesday, 19 March 2024
Despatch of DRF to shareholders :
Thursday, 21 March 2024
Last date and time for the DRF to be received by the Share Registrar :
Thursday, 4 April 2024
Allotment and issuance of New Shares as well as payment of cash dividend to entitled Shareholders :
Thursday, 18 April 2024
Listing of New Shares :
Friday, 19 April 2024
If you wish to exercise your option to reinvest your Second Interim Dividend into New Shares, you must submit the completed DRF to our Share Registrar or submit the e-DRF available at TIIH Online website at https://tiih.online or in accordance with the instructions prescribed therein. You will receive the entire Second Interim Dividend in cash if you do not expressly elect to participate in the DRS according to its terms and conditions. As such, you need not take any action if you wish to receive your entire Second Interim Dividend in cash. All enquiries concerning the DRS should be addressed to our Share Registrar at:
Tricor Investor & Issuing House Services Sdn. Bhd. (Registration No.: 197101000970 (11324-H))
Unit 32-01, Level 32, Tower A,
Vertical Business Suite Avenue 3, Bangsar South,
No. 8, Jalan Kerinchi, 59200 Kuala Lumpur.
Tel No. : 603 - 2783 9299
Fax No. : 603 - 2783 9222
Email : is.enquiry@my.tricorglobal.com