RE: Creating Awareness on the Implementation of Electronic Dividend Payment (“eDividend”)
In line with Bursa Securities Malaysia Berhad’s initiative to implement eDividend, the Company is supporting Bursa Malaysia on creating greater awareness of the benefits of eDividend and participation in shareholder education relating to eDividend.
eDividend refers to the payment of cash dividends by a listed issuer to its shareholders by directly crediting the shareholders’ cash dividend entitlements into their respective bank accounts.
Shareholders will be able to start providing bank account information to Bursa Depository through the authorized depository agents [“ADA”/”brokers”] from 19 April 2010. Shareholders are given a grace period of 1 (one) year, until 18 April 2011 to provide bank account information without incurring any additional charges. Shareholders will have to bear an administrative fee when you provide your bank account information to your stock brokers after 1 (one) year grace period.
Benefits of eDividend
Faster access to your cash dividends as your entitlement will be directly credited to your bank account;
Eliminates the inconvenience of having to travel to the bank to deposit the dividend cheques;
Eliminates incidents of misplaced, lost or expired cheques;
Eliminates incident of unauthorized deposit of dividend cheques;
The convenience of one-off registration for entitlement to cash dividend from all listed issuers; and
Option to consolidate dividends from all your Central Depository System (“CDS”) accounts into one bank account for better account management.
Registration for eDividend
You are required to provide your bank account number and other information to Bursa Depository through your stock broker, by completing the prescribed form. This form can be obtained in due course from your stock broker’s office where your CDS account is maintained or downloaded from Bursa Malaysia’s website at http://www.bursamalaysia.com/website/bm/trading/edividend.html
You need to submit the duly completed prescribed form together with the following documents for registration:-
Individual depositor: Copy of identification documents i.e. NRIC, Passport, Authority Card or other acceptable identification documents. Original documents must be produced for your stock broker’s verification; Corporate depositor: Certified true copy of the Certificate of Incorporation/Certificate of Registration; and
Copy of your bank statement/bank savings book/details of your bank account obtained from your banks website that has been certified by your bank/copy of letter from your bank confirming your bank account particulars. For individuals, original documents must be produced for your stock broker’s verification. For corporate entities, a certified true copy is to be submitted.
If the CDS account is held in the name of a nominee, the nominee will register for the eDividend.
If you are not able to be present at your stock broker’s office to submit the prescribed form and supporting documents, please ensure that the signing of the prescribed form and the supporting documents have been witnesses by an acceptable witness specified by Bursa Depository. In this regard, an acceptable witness includes an Authorised Officer of your stock broker, a Dealer’s Representative, a notary public and an Authorised Officer of the Malaysian Embassy/High Commission.
Further to the above, you may also refer to the Frequently Asked Questions on eDividend on this website: http://www.bursamalaysia.com/website/bm/trading/downloads/faq_edividend.pdf
We look forward to a successful implementation of eDividend through your active participation, and to serving you better as our valued shareholders. If you have any query relating to the eDividend service, please do not hesitate to contact our Share Registrars or Bursa Malaysia directly:-