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Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

Amended Announcements
Please refer to the earlier announcement reference number: CS2-10072023-00029

SOLARVEST HOLDINGS BERHAD

Particulars of substantial Securities Holder

Name DATUK SERI CHIAU BENG TEIK
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
06 Jul 2023
10,900,000
Disposed Indirect Interest
Name of registered holder DIVINE INVENTIONS SDN. BHD.
Description of "Others" Type of Transaction
07 Jul 2023
5,000,000
Disposed Indirect Interest
Name of registered holder DIVINE INVENTIONS SDN. BHD.
Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred Disposal of shares by Divine Inventions Sdn. Bhd. via off market transactions
Nature of interest Indirect Interest
Direct (units) 9,642,500
Direct (%) 1.444
Indirect/deemed interest (units) 102,400,000
Indirect/deemed interest (%) 15.34
Total no of securities after change 112,042,500
Date of notice 16 Oct 2023
Date notice received by Listed Issuer 16 Oct 2023


Remarks :
On 10 July 2023, Divine Inventions Sdn. Bhd., the Substantial Shareholder of the Company had disposed of totaling 15,900,000 ordinary shares, representing 2.381% of total issued share capital of the Company instead of 25,900,000 ordinary shares.

As such, the shareholdings of Datuk Seri Chiau Beng Teik after this amendment which affected the subsequent transactions announced since 10 July 2023 shall be as follows:-
(1) 10 July 2023: 9,642,500 ordinary shares(1.444%)(Direct)
102,400,000 ordinary shares(15.340%)(Indirect)
(2) 13 July 2023: 9,642,500 ordinary shares(1.444%)(Direct)
89,827,900 ordinary shares(13.456%)(Indirect)
(3) 18 July 2023: 9,642,500 ordinary shares(1.444%)(Direct)
81,683,300 ordinary shares(12.236%) (Indirect)
(4) 20 July 2023: 9,642,500 ordinary shares(1.444%)(Direct)
79,983,300 ordinary shares(11.982%)(Indirect)
(5) 24 July 2023: 9,642,500 ordinary shares(1.444%)(Direct)
76,025,800 ordinary shares(11.386%)(Indirect)
(6) 27 July 2023: 9,642,500 ordinary shares(1.444%)(Direct)
70,250,000 ordinary shares(10.521%)(Indirect)

The percentage are based on the total issued share capital of the Company of 667,553,928 ordinary shares as at 10 July 2023 and 667,698,928 ordinary shares as at 24 July 2023.

The Company received notifications from the Substantial Shareholder on 16 October 2023 and the change in indirect (units) and indirect (%) were retrospectively reconciled.


Announcement Info

Company Name SOLARVEST HOLDINGS BERHAD
Stock Name SLVEST
Date Announced 16 Oct 2023
Category Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016
Reference Number CS2-16102023-00083



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