Notice of Interest Sub. S-hldr (29B) - Maxis Communications Berhad

Back Dec 26, 2013

Particulars of substantial Securities Holder


Maxis Communications Berhad
Address Level 18, Menara Maxis, Kuala Lumpur City Centre, Off Jalan Ampang, 50088 Kuala Lumpur
NRIC/Passport No/Company No. 158400-V
Nationality/Country of incorporation Malaysian
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)
Disposed 20/12/2013


Circumstances by reason of which change has occurred Change in particulars of our interest in the 4,875,000,000 Maxis Shares from direct (registered holder) to indirect (deemed interest) following our disposal of the 4,875,000,000 Maxis Shares to BGSM Equity Holdings Sdn Bhd (“BGSM Equity”) (our indirect wholly-owned subsidiary) pursuant to a Share Purchase Agreement dated 20 December 2013 entered into between us and BGSM Equity (“SPA”). The SPA was entered into pursuant to an internal corporate restructuring exercise undertaken by Binariang GSM Sdn Bhd (“BGSM”) group of companies, as part of an overall debt refinancing exercise.

BGSM holds 100% equity interest in MCB.

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 us. Consequently, there is no change in the effective shareholding of BGSM and us 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.

MCB’s deemed interest arises by virtue of MCB holding 100% equity interest in BGSM Management Sdn Bhd, which in 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.
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 even date.


Announcement Info

Company Name MAXIS BERHAD  
Stock Name MAXIS    
Date Announced 26 Dec 2013  
Category Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference No MM-131226-8BD31