We refer to the announcements dated 30 August 2018 and 5 October 2018 in relation to the Proposed DRP.
On behalf of the Board of Directors of SDP, CIMB Investment Bank Berhad (“CIMB”) wishes to announce that SDP had on 23 October 2018 received the approval from Bursa Malaysia Securities Berhad (“Bursa Securities”) for the listing of and quotation of up to 160,534,835 new SDP shares to be issued pursuant to the Proposed DRP in respect of the Company’s final single tier dividend of RM0.08 per SDP share and special final single tier dividend of RM0.03 per SDP share for the financial year ended 30 June 2018 (“FYE June 2018 Final Dividend”). The approval granted by Bursa Securities is subject to the following conditions:
(i) SDP and CIMB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the Proposed DRP share issuance (“Proposal”);
(ii) SDP or CIMB to furnish Bursa Securities with a certified true copy of the resolutions passed by shareholders of SDP in a general meeting approving the establishment of the Proposed DRP and the issuance of new ordinary shares pursuant to the Proposed DRP, prior to the listing and quotation of the new SDP shares to be issued pursuant to the Proposed DRP;
(iii) SDP and CIMB to inform Bursa Securities upon the completion of the Proposal; and
(iv) SDP to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposal is completed.
This announcement is dated 23 October 2018.