Dealings In Listed Securities (Chapter 14 Of Listing Requirements) : Dealings Outside Closed Period

BackNov 09, 2020
Type Announcement
Subject DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
Description

NOTIFICATION OF DEALINGS IN SHARES BY DIRECTOR OUTSIDE CLOSED PERIOD

- Dealing in Total Return Equity Swaps (TRES)

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:-

Date No. of shares Percentage of the total issued share capital Total Consideration
6 November 2020 11,962,500 0.19% RM23,308,835.00
9 November 2020 4,837,500  0.08% RM10,561,351.00

Details of Mr. Brahmal's shareholdings in the Company are as set out below:-

Direct

Indirect

No. of shares

Percentage of the total issued share capital

No. of shares

PercentagePercentage of the total issued share capital

NIL

NIL

719,300

0.011%

 

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