Kenyataan Media
BURSA MALAYSIA LAUNCHES SHARES2SHARE SHARE DONATION PROGRAMME
Shares
can be donated to select charities
Bursa Malaysia Berhad (“Bursa Malaysia” or “the Exchange”) today launched Shares2share, a securities donation scheme that enables investors to donate their listed securities, or proceeds from the sale of the listed securities, towards charities supported by Yayasan Bursa Malaysia. The Shares2share scheme is a cost effective and easily accessible method for investors to donate their securities towards charitable causes. It leverages the capital market by rallying market participants towards doing good for people and the planet.
“Bursa Malaysia continuously facilitate initiatives that are beneficial
to stakeholders, market participants and the community at large. We are pleased
to provide this platform to enable investor donors the opportunity to donate
their securities through our Yayasan Bursa Malaysia towards charitable causes," said
Bursa Malaysia’s CEO Datuk Muhamad Umar Swift. “Shares2share will also create
additional funding avenues for charitable organisations to facilitate positive
impact creation for society and the environment.”
To participate, investor donors have a choice of two options to choose from, namely:
· Donation of securities without a tax receipt, and
· Donation of sale proceeds with tax receipt, which allows the investor donor to receive a tax deduction.
Both these options are available to investor donors who are clients with any of the following participating organisations:
1. Affin Hwang Investment Bank Bhd
2. AmInvestment Bank Bhd
3. Apex Securities Bhd
4. BIMB Securities Sdn Bhd
5. CGS-CIMB Securities Malaysia Sdn Bhd
6. Hong Leong Investment Bank Bhd
7. Inter-Pacific Securities Sdn Bhd
8. KAF Equities Sdn Bhd
9. MIDF Amanah Investment Bank Bhd
10. M & A Securities Sdn Bhd
11. Malacca Securities Sdn Bhd
12. Maybank Investment Bank Bhd
13. RHB Investment Bank Bhd
14. TA Securities Holdings Bhd
15. Public Investment Bank Bhd
Investor donors who are not clients of the 15 participating organisations may still participate in the Shares2Share scheme but will not receive a tax receipt.
In support of Shares2share, the 15 participating organisations have agreed to waive the broking commission and their portion of the CDS transfer fee for the purpose of share donation. Bursa Malaysia Securities Clearing will waive the 0.03% clearing fee as well as the CDS transfer fee. These waivers will keep the transaction costs low, thereby maximising the amount of donation to Shares2share.
To make it accessible to more investor donors and to facilitate a simpler donation process, there is no minimum or maximum amount of shares required for transfer. This means that investor donors may donate their shares in the form of odd lots as well as board lots. However, securities excluded from this Shares2share scheme are stocks listed on LEAP Market, delisted stocks, Structured Warrants, Leveraged & Inverse ETFs, non-equity securities and securities classified as PN17 and GN3.
Members of the public may find more information about Shares2share by visiting the following website https://www.bursamalaysia.com/about_bursa/sustainability/yayasan-bursa-malaysia/shares2share
Event Photos
Photo1: Datuk Hj Faisyal Bin Datuk Yusof Hamdain Diego, Chairman of the Selection Committee (from fourth left, front row), presenting the letters to the approved charitable organisations, witnessed by Datuk Muhamad Umar Swift, Chief Executive Officer of Bursa Malaysia (third left, front row).
Photo 2: Datuk Muhamad Umar Swift, Chief Executive Officer of Bursa Malaysia presenting the letters to the Participating Brokers, witnessed by Emilia Tee, Director of Group Sustainability of Bursa Malaysia (from sixth left).