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Changes In Sub. S-hldr's Int (Section 138 Of CA 2016) - Usaha Tegas Equity Sdn Bhd ("UTE")

Back Feb 15, 2018

Particulars of substantial Securities Holder

Name USAHA TEGAS EQUITY SDN BHD ("UTE")
Address Level 39, Menara Maxis
Kuala Lumpur City Centre
Kuala Lumpur
50088 Wilayah Persekutuan
Malaysia.
Company No. 209844-K
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary shares

Details of changes

No Date of change
No of securities
Type of Transaction Nature of Interest
1 13 Feb 2018
4,875,000,000
Others Deemed Interest
Name of registered holder BGSM Equity Holdings Sdn. Bhd.
Address of registered holder Level 39, Menara Maxis Kuala Lumpur City Centre 50088 Kuala Lumpur
Description of "Others" Type of Transaction Refer to remarks

 

Circumstances by reason of which change has occurred Refer to remarks below
Nature of interest Deemed Interest
Direct (units)
Direct (%)
Indirect/deemed interest (units) 4,875,000,000
Indirect/deemed interest (%) 62.42
Total no of securities after change 4,875,000,000
Date of notice 14 Feb 2018
Date notice received by Listed Issuer 15 Feb 2018

 


Remarks :
Change in particulars of UTE's deemed interest in 4,875,000,000 ordinary shares in Maxis Berhad ("Maxis") ("Maxis Shares") following an internal corporate restructuring exercise undertaken by and involving the Binariang GSM Sdn. Bhd. ("BGSM") group of companies.

The internal corporate restructuring exercise involves: 

(1) the subscription by BGSM of 10,780,000,000 new ordinary shares ("OS") and new 16,170 redeemable preference shares ("RPS") in the share capital of BGSM Management Sdn. Bhd. ("BGSM Management") pursuant to a Subscription Agreement dated 13 February 2018 entered into between BGSM and BGSM Management ("SA"); and

(2) the disposal by Maxis Communications Berhad ("MCB") of 1,000,000 OS and 400 RPS in the share capital of BGSM Management to its holding company, BGSM, pursuant to a Share Purchase Agreement dated 13 February 2018 entered into between MCB and BGSM ("SPA"). 

On completion of the SA and the SPA, there is no change to the registered holder of the 4,875,000,000 Maxis Shares representing 62.42% of the total issued and paid-up share capital of Maxis. 

BGSM holds 100% equity interest in BGSM Management, which in turn holds 100% equity interest in BGSM Equity, which in turn holds the 4,875,000,000 Maxis Shares representing 62.42% of the total issued and paid-up share capital of Maxis.

UTE's deemed interest in the Maxis Shares arises by virtue of UTE holding 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.

 


Announcement Info

Company Name MAXIS BERHAD
Stock Name MAXIS
Date Announced 15 Feb 2018
Category Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016
Reference Number CS2-14022018-00063