Substantial Shareholdings In Alam Maritim Resources Berhad ("AMRB")

Sep 02, 2025 Back
Type Announcement
Subject OTHERS
Description MALAYAN BANKING BERHAD ("MAYBANK")
- SUBSTANTIAL SHAREHOLDINGS IN ALAM MARITIM RESOURCES BERHAD ("AMRB")

 

The Board of Directors of Maybank wishes to announce that pursuant to a Scheme of Arrangement under Section 366 of the Companies Act, 2016 (the “Scheme”), a total of 85,379,266 new ordinary shares in AMRB (“Settlement Shares”) have been issued to Maybank and Maybank Islamic Berhad (“MIB”) on 29 August 2025 at an issue price of RM0.2783 each together with 21,344,825 free detachable warrants in AMRB  (“Settlement Warrants”) on the basis of one (1) Settlement Warrant for every four (4) Settlement Shares as part of the settlement terms of the  liabilities owing by AMRB and Alam Maritim (M) Sdn Bhd, a wholly-owned subsidiary of AMRB, to Maybank and MIB.

 

As at 29 August 2025, Maybank’s direct and indirect shareholdings (through MIB, a wholly-owned subsidiary of Maybank) in AMRB are as follows:

 

Direct

Indirect

No. of

Ordinary Shares Held

% of

Issued Shares

No. of

Ordinary Shares Held

% of

Issued Shares

5,567,706

1.25

79,811,560

17.91

 

Accordingly, Maybank is deemed to be a substantial shareholder of AMRB pursuant to Section 136 of the Companies Act, 2016.

 

This announcement is dated 2 September 2025.


Announcement Info

Company Name MALAYAN BANKING BERHAD
Stock Name MAYBANK
Date Announced 02 Sep 2025
Category General Announcement for PLC
Reference Number GA1-02092025-00035