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

02/05/2012

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 211,970,600 BAB Shares

Wijaya Baiduri Sdn. Bhd. (WBSB)
Level 39, Menara Maxis
Kuala Lumpur City Centre
50088 Kuala Lumpur
- in respect of 72,029,400 BAB Shares

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed27/04/2012
284,000,000
 

Circumstances by reason of which change has occurredDecrease in the deemed interest in the BAB Shares from 465,305,300 BAB Shares representing 15.89% of the issued share capital of BAB to 181,305,300 BAB Shares representing 6.19% of the issued share capital of BAB as a result of the disposal in aggregate of 284,000,000 BAB Shares representing 9.70% of the total issued shares capital of BAB by WSSB and WBSB to purchasers procured by CIMB Investment Bank Berhad ("CIMB") or its affiliates in accordance with the terms and conditions of the Placement Agreement dated 27 April 2012 entered into between WSSB, WBSB, Ombak Damai Sdn Bhd and CIMB.

SASB is deemed to have an interest in the BAB Shares in which WSSB, WBSB and Karisma Mesra Sdn Bhd (collectively, 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)181,305,300 
Indirect/deemed interest (%)6.19 
Total no of securities after change181,305,300
Date of notice27/04/2012

Remarks :
This announcement is based on the information in the Notice of Change in the Interests of Substantial Shareholder (Form 29B) dated 27 April 2012 and received by the Company on 2 May 2012.

The registered holders of the 181,305,300 BAB Shares are as follows :-

Wijaya Sinar Sdn Bhd
- in respect of 595,600 BAB Shares

Karisma Mesra Sdn Bhd
- in respect of 157,961,900 BAB Shares

Wijaya Baiduri Sdn Bhd
- in respect of 22,747,800 BAB Shares


Announcement Info

Company NameBUMI ARMADA BERHAD  
Stock Name ARMADA
Date Announced2 May 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoBA-120502-E9E3A