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Notice of Interest Sub. S-hldr (29B) - STC Malaysia Holding Ltd ("STCM")
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Jan 16, 2014
Particulars of substantial Securities Holder
|
Name |
STC Malaysia Holding Ltd ("STCM") |
| Address | Offices of Walkers (BVI) Limited, Walkers Chambers, 171 Main Street, P.O. Box 92, Road Town, Tortola VB 1110, British Virgin Islands |
| NRIC/Passport No/Company No. | 1421049 |
| Nationality/Country of incorporation | British Virgin Islands |
| 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 |
4,875,000,000
|
|
| 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 STCM'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. STCM’s deemed interest arises by virtue of STCM holding 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 after close of business on 15 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-EA1D6 |