Type | Announcement |
Subject | OTHERS |
Description |
PESTECH INTERNATIONAL BERHAD (“PESTECH” OR “THE COMPANY”) Final Dividend |
We refer to the announcement dated 6 October 2016 in relation to the single tier final dividend of 3.0 sen per share for the financial year ended 30 June 2016 (“Final Dividend“).
On behalf of the Board of Directors of PESTECH, Alliance Investment Bank Berhad wishes to announce that the Board of Directors of PESTECH had determined that the Dividend Reinvestment Plan (“DRP“) will apply to the entire Final Dividend (as approved by the shareholders on 28 November 2016 at the Company’s Fifth Annual General Meeting) which will provide the shareholders of the Company with the option to reinvest the Final Dividend into new ordinary shares of RM0.25 each in PESTECH (“PESTECH Shares“).
The implementation of the DRP is subject to the Company obtaining the following:-
(a) Approval from Bursa Malaysia Securities Berhad (“Bursa Securities“) for the listing of and quotation for the new PESTECH Shares to be issued pursuant to the implementation of the DRP on the Main Market of Bursa Securities; and
(b) Approval from other relevant authorities, if required.
The date of entitlement and date of payment in respect of the Final Dividend, and the issue price of the new PESTECH Shares arising from the implementation of the DRP will be announced at a later date.
This announcement is dated 28 November 2016.