Notice of Interest Sub. S-hldr (29B) - Saudi Telecom Company ("STC")

Back Jan 16, 2014

Particulars of substantial Securities Holder


Saudi Telecom Company ("STC")
Address P.O.Box 87912, Al Mursalat, Riyadh 11652, Kingdom of Saudi Arabia
NRIC/Passport No/Company No. 1010150269
Nationality/Country of incorporation Saudi Arabia
Descriptions (Class & nominal value) Ordinary shares of RM0.10 each in Maxis Berhad ("Maxis Shares")
Name & address of registered holder Maxis Communications Berhad (“MCB”)
Level 18, Menara Maxis,
Kuala Lumpur City Centre,
Off Jalan Ampang,
50088 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities
Price Transacted (RM)
Others 20/12/2013


Description of other type of transaction Please refer to column on "Circumstances by reason of which change has occurred"
Circumstances by reason of which change has occurred Change in particulars of STC's deemed interest in the 4,875,000,000 Maxis Shares following the disposal of the 4,875,000,000 Maxis Shares by MCB (a wholly-owned subsidiary of Binariang GSM Sdn Bhd (“BGSM”)) to BGSM Equity Holdings Sdn Bhd (“BGSM Equity”) (an indirect wholly-owned subsidiary of BGSM) pursuant to a Share Purchase Agreement dated 20 December 2013 entered into between MCB and BGSM Equity (“SPA”). The SPA is entered into pursuant to an internal corporate restructuring undertaken by BGSM Group, as part of an overall debt refinancing exercise.

This internal corporate restructuring involves an intra-group transfer to BGSM Equity (an indirect 100% subsidiary of BGSM), of the entire 4,875,000,000 Maxis Shares owned by MCB, another wholly-owned subsidiary of BGSM. Consequently, there is no change in the effective shareholding of BGSM and MCB respectively, after this internal corporate restructuring.

On completion of the SPA, the 4,875,000,000 Maxis Shares will be registered in the name of BGSM Equity.

BGSM’s deemed interest arises by virtue of BGSM holding 100% equity interest in MCB, which in turn holds 100% equity interest in BGSM Management Sdn Bhd (“BGSM Management”). BGSM Management holds 100% equity interest in BGSM Equity, which will be the registered holder of 4,875,000,000 Maxis Shares representing approximately 64.97% of the total issued and paid-up share capital of Maxis.

STC’s deemed interest arises by virtue of STC holding 100% equity interest in STC Asia Telecom Holding Ltd (“STCAT”). STCAT in turn holds 100% equity interest in STC Malaysia Holding Ltd, which in turn holds a 25% equity interest in BGSM.
Nature of interest Deemed interest
Direct (units)  
Direct (%)  
Indirect/deemed interest (units) 4,875,000,000 
Indirect/deemed interest (%) 64.97 
Total no of securities after change 4,875,000,000
Date of notice 26/12/2013

Remarks :
This announcement is based on the information in the Notice of Change in the Interests of Substantial Shareholder (Form 29B) dated 26 December 2013 and received by the Company on 16 January 2014.


Announcement Info

Company Name MAXIS BERHAD  
Stock Name MAXIS    
Date Announced 16 Jan 2014  
Category Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference No MM-140116-82582