LPI Capital Bhd has completed the disposal of its remaining shares in Public Bank Berhad (PBBANK) to local and foreign institutional investors, selling 220.3 million shares for RM1.05 billion. This stake represents a 1.1% of PBBANK’s total share capital.

The shares were disposed of at RM4.75 each, being 0.42% discount to PBBANK’S closing price of RM4.77 on May 20, 2026. It is 2.08% discount to the five-day volume weighted average (VWAP) price of RM4.851 up to and including May 20.

Following completion of the exercise, LPI and Lonpac no longer hold any shares in PBBANK.

The disposal was carried out in compliance with regulatory requirements under Section 22(5)(b) of the Financial Services Act. On completion of the disposal, LPI Capital and subsidiary Lonpac Insurance no longer hold shares in PBBANK thereby satisfying the cross-shareholdings restrictions between subsidiaries and parent companies.

For LPI Capital, the disposal mandate outlined that approximately 70% of the gross proceeds would be earmarked to reward shareholders of as special cash dividends. The remaining balance of the proceeds will be retained to support the company’s investment portfolio and future business growth.