Maybank DRP Dividend Reinvestment Plans 2022 using Boardroom Share Registrar's website https://www.boardroomlimited.com/my

Maybank DRP (Dividend Resinvestment Plans) is back again. Similar to previous years, the DRP plans can be subscribed online. Investors can opt to use their dividends to exchange with Maybank shares at RM8.28.The price of RM8.28 is based on the five-day VWAMP (Volume Weighted Average Market Price) of RM8.84 per Maybank Share up to and including 2 March 2022, being the last trading day prior to the Price Fixing Date for the issue price of new Maybank Shares after adjusting for the following:

a dividend adjustment of RM0.30 to the five (5)-day VWAMP of Maybank Shares ("Ex-Dividend VWAMP"); and

a discount of RM0.26 which is approximately 3.08% discount to the Ex-Dividend VWAMP of RM8.54.

This time the DRP plans is applied via Boardroom share registrar. Maybank changed their share registrar last year from Tricor to Boardroom. These are the 2 heavy weight share registrar company in Malaysia.

The steps are quite straightforward, I need to pay RM13 consisting of stamp duty (RM10) and service charge (RM3) to complete the process. Stamp duty is the tax given to the government while service charge is the convenience fee of applying online via Boardroom share registrar.