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

BackSep 06, 2021
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. Group (M) Berhad ("Company") wishes to inform that the Company has on 6 September 2021, 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 unwinding the TRES referencing a total of 15,910,400 shares from the total entry of the TRES referencing up to 16,800,000 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 unwinding the TRES are set out below:-

Date No. of shares Percentage of the total issued share capital
2 September 2021 3,900,000 0.062%
3 September 2021 5,344,300 0.085%
6 September 2021 6,666,100 0.106%

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

Direct Interest

Deemed Interest (1)

No. of shares

Percentage of the total issued share capital

No. of shares

Percentage of the total issued share capital

1,800,000

0.029%

719,300

0.011%

(1) Deemed interest by virtue of his interest in Creador Sdn. Bhd., applying Section 8(4) of the Companies Act, 2016.

(2) Balance of TRES referencing 889,600 shares - there is no change in interests or shareholding in the Company as a result of the Director unwinding the TRES as the terms and

     conditions of the TRES do not contemplate for any acquisition, disposal or transfer of the shares in the Company by the Director.

This announcement is dated 6 September 2021.

 

 


Announcement Info

Company Name MR D.I.Y. GROUP (M) BERHAD
Stock Name MRDIY
Date Announced 06 Sep 2021
Category General Announcement for PLC
Reference Number GA1-06092021-00059