Maybulk Bhd · MYX:MAYBULK
Maybulk Bhd — Shareholder Meeting (June 2024)
12 slides from Maybulk Bhd's shareholder meeting presentation, Jun 26, 2024
Slide 1: Maybulk Berhad Extraordinary General Meeting
MAYBULK BERHAD (formerly known as Malaysian Bulk Carriers Berhad) Registration No. 198801008597 (175953-W) Incorporated in Malaysia Extraordinary General Meeting 26 June 2024 1
Slide 2: Disclaimer
Disclaimer The information contained in this presentation is for information purposes only, and does not constitute or form part of any offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for, or any offer to underwrite or otherwise acquire any securiti
Slide 3: Proposals to be Considered
Proposals to be Considered 1. Proposed share buy-back authority of up to 10% of the total number of issued shares of Maybulk (“Proposed Share Buy-Back Authority”) 2. Proposed Exemption under subparagraph 4.15 (1) of the Rules on Take-overs, Mergers and Compulsory Acquisition issued by the Securities
Slide 4: Rationale for Proposed Share Buy-Back Authority
Rationale for Proposed Share Buy-Back Authority 1. Share price trading below audited net assets per share of Maybulk for the past 2 years. Proposed Share Buy-Back below net asset per share can enhance the net assets per share and earnings per share. 2. Enable Maybulk to utilise part of its surplus f
Slide 5: Rationale for Proposed Exemption
Rationale for Proposed Exemption 1. Enable Maybulk to purchase maximum amount of shares under Proposed Share Buy-Back Authority 2. Facilitate Dato’ Goh and his person acting in concert to obtain exemption from the obligation to undertake Mandatory General Offer 5 CONFIDENTIAL
Slide 6: Impact on Share Capital of Maybulk
Impact on Share Capital of Maybulk Assuming maximum 10% of share buy-back: Before Buy-Back After ’000 ’000 ’000 No. of shares 1,000,000 (100,000) 900,000 6 CONFIDENTIAL
Slide 7: Impact on Net Assets (Proforma)
Impact on Net Assets (Proforma) Assuming maximum share buy-back at RM0.291 per share, being the 5-day volume weighted average price as at 3 May 2024 (7 days before the date of circular) 7 CONFIDENTIAL
Slide 8: Impact on Net Assets (Proforma)
Impact on Net Assets (Proforma) Assuming maximum share buy-back atRM0.33 per share, being the closing price as at 21 June 2024. 8 CONFIDENTIAL
Slide 9: Impact on Earning Per Share & Dividend (Proforma)
Impact on Earning Per Share & Dividend (Proforma) 9 CONFIDENTIAL
Slide 10: Impact on Substantial Shareholders' Shareholdings
Impact on Substantial Shareholders’ Shareholdings 10 CONFIDENTIAL
Slide 11: Approvals Required
Approvals Required Dato’ Goh being the Group Managing Director and a major shareholder of Maybulk is deemed interested in the Proposed Exemption. Lin Junliang, Troy being the Executive Director cum Chief Investment Officer of Maybulk, is also deemed to be interested in the Proposed Exemption as he i
Slide 12: End of Presentation
MAYBULK BERHAD (formerly known as Malaysian Bulk Carriers Berhad) Registration No. 198801008597 (175953-W) Incorporated in Malaysia Extraordinary General Meeting 26 June 2024 END OF PRESENTATION