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Notice of Interest Sub. S-hldr (29B) - Pacific States Investment Limited ("PSIL")
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Dec 27, 2013
Particulars of substantial Securities Holder
|
Name |
Pacific States Investment Limited ("PSIL") |
| Address | La Motte Chambers, La Motte Street, St Helier, Jersey, Channel Islands JE1 1BJ |
| NRIC/Passport No/Company No. | 39120 |
| Nationality/Country of incorporation | Jersey, Channel 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 "Circumstances by reason of which changed has occured" |
| Circumstances by reason of which change has occurred | Change in particulars of PSIL'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 MCB and BGSM) pursuant to a Share Purchase Agreement dated 20 December 2013 entered into between MCB and BGSM Equity (“SPA”). The SPA was entered into pursuant to an internal corporate restructuring exercise undertaken by BGSM group of companies, as part of an overall debt refinancing exercise. This internal corporate restructuring involves an intra-group transfer to BGSM Equity of the entire 4,875,000,000 Maxis Shares owned by MCB. 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 holds 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. PSIL’s deemed interest in the Maxis Shares arises by virtue of Usaha Tegas Sdn Bhd’s (“UTSB”) deemed interest in the Maxis Shares. PSIL holds 99.999% equity interest in UTSB. UTSB holds 100% equity interest in Usaha Tegas Equity Sdn Bhd (“UTE”), while UTE in turn holds 100% equity interest in each of Wilayah Bintang Sdn. Bhd., Tegas Mahsuri Sdn. Bhd., Besitang (M) Sdn. Bhd. and Besitang Utara Sdn. Bhd., which in turn holds 100% equity interest in Wilayah Resources Sdn. Bhd., Tegas Puri Sdn. Bhd., Besitang Barat Sdn. Bhd. and Besitang Selatan Sdn. Bhd. (collectively, “UT Subsidiaries”) respectively. The UT Subsidiaries hold in aggregate 37% 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 | 27/12/2013 |
| Remarks : |
| This announcement is based on the information in the Notice of Change in the Interests of Substantial Shareholder (Form 29B) dated 27 December 2013 and received by the Company on even date. |
Announcement Info
| Company Name | MAXIS BERHAD |
| Stock Name | MAXIS |
| Date Announced | 27 Dec 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | MM-131227-74FEB |