We wish to highlight that the payment of Class A Dividends is subject to the prior approval of the board of directors and the regulators of AfrAsia Bank Limited (Bank). For further details regarding the Class A Dividends policy, kindly refer to Section 9.8.7 of the Class A Programme Memorandum and Sections 27 and 29 of Applicable Pricing Supplements (which can be downloaded here).
Accordingly, following the review of the Bank’s Financial Statements for the period ended 30 November 2018 by the Bank’s external auditors, such Financial Statements, together with the proposal for the payment of Class A Dividends for the 6 months ended 31 December 2018, will be submitted to the Bank’s board of directors for its approval, in early February 2019. Upon receipt of this approval from the Bank’s board of directors, the Bank will seek the approval of its regulators for the payment of the Class A Dividends for the 6 months ended 31 December 2018 and proceed with payment once all approvals are received.
Please contact your Relationship Manager on 403 5500 or the Share Registry, DTOS, on 404 6000, in case you need any clarification.