Dividend Reinvestment Scheme
DIVIDEND REINVESTMENT SCHEME IN CONJUNCTION WITH THE SECOND INTERIM DIVIDEND OF 3.5 SEN PER ORDINARY SHARES IN SUNWAY ("SUNWAY SHARES") FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 ("SECOND INTERIM DIVIDEND")
On 23 February 2023, the Board had 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 Second Interim Dividend, in which Shareholders may elect to reinvest a portion of 2.0 sen per Sunway Share into new Sunway Shares (“New Shares”) (“Electable Portion”) with the remaining portion of 1.5 sen per Sunway Share to be paid in cash (“Non-Electable Portion”).
Please find the DRS statement and Notice of Election (which includes the Dividend Reinvestment Form (“DRF”) ) for your reference:
Key Information of the DRS
Issue price: RM1.38 per New Share
Price Fixing Date: 21 March 2023
The issue price of RM1.38 per Sunway Share is fixed based on the five-day volume weighted average market price (“VWAMP”) of Sunway Shares of RM1.5645 up to and including 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 RM0.1495, which is approximately 9.77% discount to the Ex-Dividend VWAMP of RM1.5295.
Key Dates:
Ex-Dividend Date :
Tuesday, 4 April 2023
Book Closure (Entitlement) Date :
Wednesday, 5 April 2023
Despatch of Notice of Election to Shareholders :
Friday, 7 April 2023
Last date and time to submit the DRF (Expiry Date) :
Friday, 21 April 2023 at 5.00 p.m., or such other date and time as may be extended by our Board at their sole discretion
Allotment and issuance of New Shares as well as payment of cash dividend to entitled Shareholders :
Friday, 5 May 2023
Listing date of New Shares :
Monday, 8 May 2023
If you wish to exercise your option to reinvest your Electable Portion, 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 Electable Portion 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 Electable Portion 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.
Telephone: 603-2783 9299
Fax: 603-2783 9222
Email: is.enquiry@my.tricorglobal.com