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