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).
Following the interim audit of the Bank’s Financial Statements for the period ended 31 December 2019 by its external auditors, such Financial Statements, together with the proposal for the payment of Class A Dividends for the 6 months ended 31 December 2019, will be submitted to the Bank’s Board of Directors for its approval, in February 2020. 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 2019 and proceed with payment once all approvals are received.
Please contact your Relationship Manager on 403 5500 or the Share Registry, DTOS Ltd, on 404 6000, in case you need any clarification.