Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965

25/07/2011

Changes in Sub. S-hldr's Int. (29B)

BUMI ARMADA BERHAD

Particulars of substantial Securities Holder

Name

Saluran Abadi Sdn. Bhd. ("SASB")
AddressLevel 39, Menara Maxis
Kuala Lumpur City Centre
50088 Kuala Lumpur
NRIC/Passport No/Company No.368126-A
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each in Bumi Armada Berhad (BAB) ("BAB Shares")
Name & address of registered holderWijaya Sinar Sdn. Bhd. (WSSB)
Level 39, Menara Maxis
Kuala Lumpur City Centre
50088 Kuala Lumpur
- in respect of 61,816,000 BAB Shares

Karisma Mesra Sdn. Bhd. (KMSB)
Level 39, Menara Maxis
Kuala Lumpur City Centre
50088 Kuala Lumpur
- in respect of 45,936,700 BAB Shares

Wijaya Baiduri Sdn. Bhd. (WBSB)
Level 39, Menara Maxis
Kuala Lumpur City Centre
50088 Kuala Lumpur
- in respect of 27,562,000 BAB Shares

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed19/07/2011
135,314,700
 

Circumstances by reason of which change has occurredChange in particulars of SASBs deemed interest in BAB Shares by virtue of the dilution of WSSB, KMSB and WBSBs (collectively, the SASB Subsidiaries) interests in BAB Shares from 26.32% to 15.91% of the enlarged issued and paid-up share capital of BAB as at 19 July 2011 resulting from the following:-

(a) allotment and issuance of up to 644,261,600 new BAB Shares pursuant to the public issue by BAB representing 22.0% of the enlarged issued and paid-up share capital of BAB; and

(b) disposal in aggregate of 135,314,700 BAB Shares by the SASB Subsidiaries pursuant to an offer for sale,

under the initial public offering by BAB in conjunction with the listing of and quotation for the entire enlarged issued and paid-up share capital of BAB on the Main Market of Bursa Malaysia Securities Berhad (IPO).

The IPO was completed on 19 July 2011.

SASB is deemed to have an interest in the BAB Shares in which the SASB Subsidiaries have an interest, by virtue of SASB being entitled to exercise 100% of the votes attached to the voting shares in each of the SASB Subsidiaries.

Each of the SASB Subsidiaries is a trustee of a discretionary trust for Bumiputera objects. As such, SASB does not have any economic interest in the BAB Shares held by the SASB Subsidiaries, as such interest is held subject to the terms of the discretionary trust for Bumiputera objects.
Nature of interestDeemed interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)465,957,300 
Indirect/deemed interest (%)15.91 
Total no of securities after change465,957,300
Date of notice21/07/2011

Remarks :
This announcement is based on the information in the Notice of Change in the Interest of Substantial Shareholder (Form 29B) dated 21 July 2011 and received by the Company on 25 July 2011.

The registered holders of the BAB Shares over which SASB has interest after taking into account the changes as stated above are set out below:-

Wijaya Sinar Sdn. Bhd.
- in respect of 212,864,000 BAB Shares

Karisma Mesra Sdn. Bhd.
- in respect of 158,183,300 BAB Shares

Wijaya Baiduri Sdn. Bhd.
- in respect of 94,910,000 BAB Shares


Announcement Info

Company NameBUMI ARMADA BERHAD  
Stock Name ARMADA
Date Announced25 Jul 2011  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoBA-110725-53673