Tenaga Nasional

Only available on StudyMode
  • Topic: Banks of Malaysia, Bursa Malaysia, Dividend
  • Pages : 3 (980 words )
  • Download(s) : 864
  • Published : May 3, 2012
Open Document
Text Preview
19 November 2010 Dear Shareholder, RE: Implementation of Electronic Dividend (eDividend) Payment

We are pleased to inform you that Tenaga Nasional Berhad (“the Company”) will be providing eDividend to shareholders to be implemented in the third quarter of 2010. The eDividend refers to the payment of cash dividends by the Company directly into the shareholders’ bank accounts. One of the main objectives of implementing eDividend is to promote greater efficiency of the payment system which is aligned to the national agenda of migrating to electronic payment. 1. Benefits of eDividend eDividend extends to all companies listed on Bursa Malaysia Securities Berhad (“listed issuers”) and provides, amongst others, following benefits: (a) Faster access to your cash dividends; (b) Eliminates the inconvenience of having to travel to the bank to deposit the dividend cheques; (c) Eliminates the problems such as misplaced, lost or expired cheques and unauthorised deposit of dividend cheques; (d) One-off registration for the entitlement to eDividend from all listed issuers; and (e) Option to consolidate the dividends from all your Central Depository System (“CDS”) accounts into one bank account for better account management. 2. Registration for eDividend 2.1 Registration for eDividend had commenced on 19 April 2010 for a period of 1 year until 18 April 2011, at no cost to the shareholders. If you register after the 1 year period, an administrative charge will be imposed. To register for eDividend, you are required to provide to Bursa Malaysia Depository Sdn Bhd (“Bursa Depository”) through your stock broker, your bank account number and other information by completing the prescribed form. This form can be obtained from your stock broker’s office where your CDS account is maintained, or downloaded from Bursa Malaysia’s website at http://www.bursamalaysia.com. 2.2 You need to submit to your stock broker’s office where your CDS account is maintained, the...
tracking img