Alliance Bank has fixed its rights price at MYR3.33/rights share with an entitlement basis of 2 rights shares for every 17 existing shares.

Key Dates:
Ex-Rights: 13 Jun 2025
Rights to Commence trading: 17 Jun 2025
Prospectus Despatch and Provisional Allotment Letter of Offer : 18 Jun 2025
Acceptance, Renunciation and Payment Dateline: 2 Jul 2025
Rights cessation quotation: 24 Jun 2025

The rights are expected to be credited on 16 June. Trading of the rights is expected to commence on 17 June to 24 June. Announcement of the final subscription result is scheduled for 8 July and the rights are expected to be listed on 15 July 2025.

Financial Impact
No of Shares Currently: 1,548,106 shares
Rights Shares: 182,130
No of Shares on Completion: 1,730,236

Currently Market Cap @ RM4.33: RM6,703 million
Currently Market Cap less 9.9 sen dividend: RM6,550 million (Note: Upcoming Interim DPS of 9.9sen/share ex-date on 12/6/25)
Amount to be raised RM602 million (Gross proceeds of RM606.5m from the issue less EM4.8m rights issue expenses).
Theoretical Market Cap Ex-Rights: RM7,152 million.
Theoretical Share Price ExDiv and Ex-Rights: RM4.13

Impact on CET1 Capital Ratio
The rights issue will be positive to the group’s capital position, improving its end-Mar 2025 CET1 ratio by about 1.1%-points to 13.3% from 12.2%.

Current CET1 @ 31/3/25: RM6,813 mil
Less Final Dividend: (RM154 mil)
Net Rights Proceeds: RM602 mil
CET1 Ex-Rights: RM7,261 mil
Risk Weighted Asets: RM54,656 mil
Enhanced CET1 Ratio: 13.3%