【M&G 5078 交流专区】（前名 SILKHLD）

icy97

Type	Announcement
Subject	OTHERS
Description	MARINE & GENERAL BERHAD ("M&G" OR "THE COMPANY")- DISPOSAL OF VESSELS BY THE WHOLLY OWNED SUBSIDIARIES OF M&G
Reference is made to the announcements made by the Company on 4 April 2024. The Company would like to further break down the utilisation of the net disposal proceeds arising from the disposal of the two clean petroleum product ("CPP") tankers by the Company’s wholly-owned subsidiaries namely TKH Marine (L) Ltd. (“TKH”) and M&G Tankers Sdn. Bhd. (“MGT”). As explained previously, the net disposal proceeds from the disposal of the tankers amounted to RM51 million.  A portion of this was utilised as follows: Item Amount Utilised (RM,000) Repayment of vessel financings by MGT 6,000 Repayment of shareholder’s loan by TKH 4,100 Redemption of preference shares by MGT 6,600 Working capital for TKH, MGT and Jasa Merin (Labuan) Ltd. 5,300 Total 22,000 As mentioned in the previous announcement, the remaining proceeds from the disposal of the vessels amounting to RM29 million will provide part of the financing required for M&G’s fleet renewal and optimisation strategy. This strategy is part of the initiative to replace its aging CPP tankers and replace it with a more versatile chemical tanker or a newer CPP tanker that meet charterers requirements taking into account new environmental considerations. A further announcement will be made when the renewal and optimisation programme is firmed. This announcement is dated 9 April 2024.

icy97

Type	Announcement
Subject	OTHERS
Description	MARINE & GENERAL BERHAD ("M&G" or "THE COMPANY")- CALL OPTION TO ACQUIRE THE PREFERENCE SHARES ("JMM PS") OF JASA MERIN (MALAYSIA) SDN BHD ("JMM") FROM AFFIN BANK BERHAD, MAYBANK ISLAMIC BERHAD AND BANK PEMBANGUNAN MALAYSIA BERHAD ("THE BANKS") UNDER THE DEBT RESTRUCTURING EXERCISE OF JMM, A 70% OWNED SUBSIDIARY OF M&G WITH THE BANKS
The Board of M&G wishes to announce that the Company has on today received a notification from its Director and major shareholder namely, Tan Sri Mohammed Azlan bin Hashim, who is also the Executive Chairman of the Company that he and his son had exercised the Call Option to acquire 3,200,000 JMM PS from the Banks at the exercise price of RM1.10 per JMM PS. The 3,200,000 JMM PS are exchangeable with 32,000,000 ordinary shares of M&G. Under the abovementioned Call Option, each of the Promoters (Tan Sri Mohammed Azlan bin Hashim and Abdul Rahman bin Ali) shall have the option to acquire such number of JMM PS under the Call Option Agreement from each Bank calculated on a pro-rata basis according to each Bank’s percentage of the total number of JMM PS beneficially owned by such Bank at the time the Call Option is exercised by the relevant Promoters. The details of the options exercised are set out below: Name of Director/Major Shareholder Designation Number of Options Exercised Tan Sri Mohammed Azlan bin Hashim Executive Chairman 1,200,000 JMM PS (to be exchangeable with 12,000,000 ordinary shares of M&G) Mohammed Zhakri bin Mohammed Azlan (son of Tan Sri Mohammed Azlan bin Hashim) - 2,000,000 JMM PS (to be exchangeable with 20,000,000 ordinary shares of M&G) Shareholders’ approval for the issuance and allotment of new ordinary shares in M&G and the acquisition of JMM PS from the Promoters were duly obtained via an Extraordinary General Meeting of the Company held on 31 December 2019. Relevant announcements will be made when the abovementioned JMM PS are exchanged for the ordinary shares of M&G by Tan Sri Mohammed Azlan bin Hashim and Mohammed Zhakri bin Mohammed Azlan in due course. This announcement is dated 29 July 2024.

icy97

MARINE & GENERAL BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Others
Details of corporate proposal	Issuance of new ordinary shares in Marine & General Berhad ("M&G Shares") at the issue price of RM0.10 per M&G Share upon the exchange of irredeemable preference shares of RM1.00 each in Jasa Merin (Malaysia) Sdn Bhd ("JMM PS")
No. of shares issued under this corporate proposal	32,000,000
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.1000
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	755,878,744
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 273,204,246.450
Listing Date	13 Aug 2024

icy97

MARINE & GENERAL BERHAD

Particulars of substantial Securities Holder

Name	TAN SRI MOHAMMED AZLAN BIN HASHIM
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	13 Aug 2024	12,000,000	Acquired	Direct Interest
	Name of registered holder	CIMSEC Nominees (Tempatan) Sdn Bhd CIMB for Mohammed Azlan bin Hashim
	Description of "Others" Type of Transaction
2	13 Aug 2024	20,000,000	Acquired	Deemed Interest
	Name of registered holder	RHB Capital Nominees (Tempatan) Sdn Bhd Mohammed Zhakri bin Mohammed Azlan
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Acquisition via the exchange of Jasa Merin (Malaysia) Sdn Bhd's Preference Shares with Marine & General Berhad's Ordinary Shares.
Nature of interest	Direct and Indirect Interest
Direct (units)	61,440,180
Direct (%)	8.128
Indirect/deemed interest (units)	111,236,333
Indirect/deemed interest (%)	14.716
Total no of securities after change	172,676,513
Date of notice	14 Aug 2024
Date notice received by Listed Issuer	14 Aug 2024

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Jul 2024

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Jul 2024	31 Jul 2023	31 Jul 2024	31 Jul 2023
		$$'000	$$'000	$$'000	$$'000

1	Revenue	91,192	84,628	91,192	84,628
2	Profit/(loss) before tax	17,477	11,371	17,477	11,371
3	Profit/(loss) for the period	17,348	11,303	17,348	11,303
4	Profit/(loss) attributable to ordinary equity holders of the parent	12,995	7,411	12,995	7,411
5	Basic earnings/(loss) per share (Subunit)	0.58	0.33	0.58	0.33
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.1936		0.1850

icy97

Expiry/Maturity of the securities

MAG HOLDINGS BERHAD

Instrument Category	Securities of PLC
Instrument Type	Warrants
Type Of Expiry	Expiry/Maturity of the securities
Mode of Satisfaction of Exercise/Conversion price	Cash
Exercise/ Strike/ Conversion Price	Malaysian Ringgit (MYR) 0.1600
Exercise/ Conversion Ratio	1:1
Settlement Type / Convertible into	Physical (Shares)
Last Date & Time of Trading	22 Oct 2024 05:00 PM
Date & Time of Suspension	23 Oct 2024 09:00 AM
Last Date & Time for Transfer into Depositor's CDS a/c	01 Nov 2024 04:30 PM
Date & Time of Expiry	08 Nov 2024 05:00 PM
Date & Time for Delisting	11 Nov 2024 09:00 AM

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3489280

Attachments MAG - Notice to Warrant Holders.pdf