Notice of Interest Sub. S-hldr (29A) - BGSM Management Sdn Bhd

Back Dec 26, 2013

Particulars of Substantial Securities Holder


BGSM Management Sdn Bhd
Address Level 39, Menara Maxis, Kuala Lumpur City Centre, 50088 Kuala Lumpur
NRIC/Passport No/Company No. 1070628-X
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

Date interest acquired & no of securities acquired

Currency Malaysian Ringgit (MYR)
Date interest acquired 20/12/2013
No of securities 4,875,000,000
Circumstances by reason of which Securities Holder has interest Deemed to have an interest over 4,875,000,000 Maxis Shares following the acquisition by our wholly-owned subsidiary, BGSM Equity Holdings Sdn Bhd (“BGSM Equity”) of 4,875,000,000 Maxis Shares from MCB (our direct holding company) pursuant to a Share Purchase Agreement dated 20 December 2013 entered into between BGSM Equity and MCB (“SPA”). The SPA was entered into pursuant to an internal corporate restructuring 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 MCB.

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

BGSM Management’s deemed interest arises by virtue of BGSM Management holding 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
Price Transacted ($$)

Total no of securities after change

Direct (units)  
Direct (%)  
Indirect/deemed interest (units) 4,875,000,000 
Indirect/deemed interest (%) 64.97 
Date of notice 26/12/2013

Remarks :
This announcement is based on the information in the Notice of Interest of Substantial Shareholder (Form 29A) 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 Notice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Reference No MM-131226-8175A