Dealings In Listed Securities (Chapter 14 Of Listing Requirements) : Dealings Outside Closed Period
Type | Announcement | ||||||||||||||||||||||||
Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD |
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Description |
NOTIFICATION OF DEALINGS IN SHARES BY DIRECTOR OUTSIDE CLOSED PERIOD - Dealing in Total Return Equity Swaps (TRES) |
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Mr D.I.Y. (M) Berhad ("Company") wishes to inform that the Company has on 9 November 2020, received notification pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("LR") from Brahmal A/L Vasudevan, a Director of the Company, of his dealing in total return equity swaps (TRES) of up to equity notional amount totalling RM35.0 million, referencing ordinary shares in the Company. TRES is a cash-settled financial derivative transaction whereby two parties swap the returns of the ordinary shares of MDGB ("Underlying Shares") with the floating rate interest. Amounts due to each party are based on the returns generated by a notional investment in a specified amount of the Underlying Shares. The floating rate amount payer agrees to pay the other party the periodic amounts calculated by reference to a market interest rate on the notional amount of the Underlying Shares and any depreciation in the value of the Underlying Shares. In return, the equity amount payer agrees to pay the other party any appreciation in the value of the Underlying Shares. Details of the dealing in TRES are set out below:-
Details of Mr. Brahmal's shareholdings in the Company are as set out below:-
This announcement is dated 9 November 2020. |
Announcement Info
Company Name | MR D.I.Y. GROUP (M) BERHAD |
Stock Name | MRDIY |
Date Announced | 09 Nov 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-09112020-00106 |