PJD Group’s Corporate
Social Responsibility (CSR), is themed
“Together We Build a Brighter Future” where all employees
are encouraged to contribute ideas toward developing initiatives that
can benefit the Group as well as its stakeholders.
eDividend refers to the payment of cash dividend by companies listed on Bursa Malaysia Securities Berhad (listed issuers) directly into the shareholders’ bank accounts. The main objectives of implementing eDividend is to promote greater efficiency of the dividend payment system, put Malaysian market at par with practices in other regional markets in relation to receipt of dividend proceeds by shareholders and to be aligned to the national agenda of migration to electronic payments, as well as adherence to G-30’s recommendation on best practices of a paperless environment and zero-intervention process.
Implementation of eDividend
The eDividend framework will be implemented in two phases as described below:
First Phase
The first phase involves the collation of bank account information from shareholders where shareholders will be able to start providing their bank account information to Bursa Depository (through their authorised depository agents/brokers) from 19 April 2010.
Second Phase
In the second phase, Bursa Depository will be able to provide bank account information together with the Record of Depositors to those listed issuers who need the bank account information for eDividend. As such, by 1 September 2010, listed issuers may request for the bank account information together with the Record of Depositors from Bursa Depository.
Benefit of eDividend
The benefits of eDividend are as follows:
Speed
Faster access to your cash dividends which would be credited directly into your bank account
Convenience
Eliminates the need to go to a bank;
One-off provision of bank account details for all listed issuers on Bursa Malaysia Securities Berhad (Bursa Malaysia);
Better account management with the option to consolidate the dividends from all your Central Depository System ("CDS")
Eliminates the problem of misplaced, lost or expired cheques and unauthorized deposit of dividend cheques.
For those shareholders who have previously opted for direct crediting of dividend entitlement via GIRO Service with the Company, you are still required to register for this eDividend service via your stock broker. The previous arrangement between you and the Company shall be discontinued with effect from 1 September 2010.
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