NESTLE

135.500

-2.3 (-1.7%)

Notice of Interest Sub. S-hldr (Section 137 of CA 2016)

NESTLE (MALAYSIA) BERHAD

Particulars of Substantial Securities Holder

Name SOCIÉTÉ DES PRODUITS NESTLÉ S.A.
Address Avenue Nestlé 55, 1800, Vevey, Switzerland
Vevey
1800
Switzerland.
Company No. CHE-109.815.753
Nationality/Country of incorporation Switzerland
Descriptions (Class)
Ordinary Shares
Name of registered holder SOCIÉTÉ DES PRODUITS NESTLÉ S.A.
Address of registered holder
Avenue Nestlé 55, 1800, Vevey, Switzerland

Date interest acquired & no of securities acquired

Date interest acquired 18 Jan 2021
No of securities 170,276,563
Circumstances by reason of which Securities Holder has interest
Transfer by Nestlé S.A., the ultimate holding company of Nestlé (Malaysia) Berhad and Société des Produits Nestlé S.A., of its entire equity interest in Nestlé (Malaysia) Berhad to Société des Produits Nestlé S.A.
Nature of interest
Direct Interest

Total no of securities after change

Direct (units)
170,276,563
Direct (%)
72.613
Indirect/deemed interest (units)
0
Indirect/deemed interest (%) 0
Date of notice 18 Jan 2021
Date notice received by Listed Issuer 18 Jan 2021


Remarks :
Pursuant to the reorganisation of Nestlé S.A.'s investment in Nestlé (Malaysia) Berhad,  Nestlé S.A. has transferred its entire equity interest in Nestlé (Malaysia) Berhad to its wholly-owned subsidiary namely Société des Produits Nestlé S.A.. The aim of this exercise is to simplify the Group's legal organisation. It will align and combine the legal and economic ownership of the key value creation assets (IP and worldwide affiliations) within the same legal entity, Société des Produits Nestlé S.A., to simplify understanding of the structures and roles, within and outside of the group. 

The reorganisation is merely to reorganise the interest of Nestlé S.A. in Nestlé (Malaysia) Berhad with no change in the ultimate holding company of Nestlé (Malaysia) Berhad. Société des Produits Nestlé S.A., had submitted an exemption application to the Securities Commission Malaysia under sub-paragraph 4.13(1)(c) of the Rules on Take-overs, Mergers and Compulsory Acquisitions,  which was subsequently approved on 15 December 2020.


Announcement Info

Company Name NESTLE (MALAYSIA) BERHAD
Stock Name NESTLE
Date Announced 18 Jan 2021
Category Notice of Interest of Substantial Shareholder Pursuant to Section 137 of CA 2016
Reference Number CS1-16122020-00001