Unless otherwise stated, all defined terms used in this announcement shall have the same meaning as those defined in the Prospectus dated 6 October 2020 issued by MDGM (“Prospectus”).

Reference is made to Section 2.1 of the Prospectus where it is stated that the MITI has, vide its letter dated 28 January 2020, approved the allocations for Bumiputera investors to be implemented in several phases as follows:

(i) the first phase allocation to be undertaken is for 470,745,000 Shares under the Institutional Offering, which is equivalent to 7.5% of MDGM’s enlarged issued Shares; and

(ii) the remaining balance allocation of 5.0% of MDGM’s enlarged issued Shares to be further implemented in two phases, whereby 3.0% is to be undertaken within 24 months from the date of MDGM’s Listing and 2.0% is to be undertaken within 36 months from the date of MDGM’s Listing.

After taking into account a further 1.0% of MDGM’s issued Shares that has been allocated to Bumiputera investors under the Retail Offering, and the allocation of 7.5% of MDGM’s issued Shares to MITI-approved Bumiputera investors under the Institutional Offering, the total allocation of IPO Shares to Bumiputera investors is 8.5% of MDGM’s issued Shares upon Listing. Arising from the above, the Joint Principal Advisers had, on behalf of the Company, submitted an application to the MITI on 12 August 2020 to seek its approval for a revised post-listing obligation structure, where 4.0% of MDGM’s enlarged issued Shares upon Listing shall be placed to the MITI-approved Bumiputera investors, instead of 5.0% as originally envisaged.

On behalf of the Board, the Joint Principal Advisers wish to announce that the MITI has, vide its letter dated 13 October 2020, stated that the Jawatankuasa Pentadbiran Pengagihan Saham Khas Bumiputera (JPPSB) has approved the allocation of 8.5% of MDGM’s enlarged issued Shares upon Listing to Bumiputera investors under the IPO in the following manner:-

(i) 7.5% to Bumiputera investors approved by the MITI; and

(ii) 1.0% to the Malaysian Public who are Bumiputera investors via balloting,

and in respect thereof, the allocation of the remaining balance Shares to be placed to MITI-approved Bumiputera investors in phases, namely up to 2.0% within 24 months and up to 2.0% within 36 months from the date of Listing, being 26 October 2020.

This announcement is dated 14 October 2020.

This announcement is not for publication or distribution, directly or indirectly, in or into the United States. This announcement is not an offer for sale of the securities in the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold into or within the United States absent registration or an exemption from the registration requirements under the U.S. Securities Act. Neither the issuer nor any seller of the securities intends to register any portion of the offering in the United States or to conduct a public offering of securities in the United States.

 
 
 

Announcement Info



Company Name
MR D.I.Y. GROUP (M) BERHAD


Stock Name
MRDIY


Date Announced
14 Oct 2020


Category
General Announcement for PLC


Reference Number
GA1-14102020-00026