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Take-overs & Mergers (Chapter 11 Of Listing Requirements)

BackAug 21, 2015
Type Announcement
Subject TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)
Description
DAYANG ENTERPRISE HOLDINGS BERHAD ("DAYANG" OR "OFFEROR")

NOTICE PURSUANT TO SUBSECTION 223(2) OF THE CAPITAL MARKETS AND SERVICES ACT, 2007 ("CMSA") IN RESPECT OF THE TAKE-OVER OFFER BY THE OFFEROR THROUGH MAYBANK INVESTMENT BANK BERHAD ("MAYBANK IB") TO ACQUIRE THE OFFER SECURITIES FOR A CASH OFFER PRICE OF RM1.55 PER PPB SHARE AND RM0.84 PER PPB WARRANT ("OFFER") ("NOTICE")

We refer to the offer document in relation to the Offer dated 23 July 2015 as well as the announcements and press releases by Dayang in relation to the Offer.

On behalf of Dayang, Maybank IB wishes to announce that Dayang had on 21 August 2015, despatched the Notice in accordance with Subsection 223(2) of the CMSA to the shareholders of PPB who have not accepted the Offer (“Holders”), informing them that they may exercise their rights to require Dayang to acquire their PPB Shares.

Pursuant to the above, any Holder may give notice to Dayang requiring Dayang to acquire the PPB Shares held by them no later than 5.00 p.m. (Malaysian time) on 21 November 2015, being three (3) months from the date of the Notice, on the terms of the Offer, or such other terms as may be agreed or as the High Court of Malaya, on application made to it by the Holders or by Dayang, thinks fit.

A copy of the press notice on the abovementioned matters is attached.

This announcement is dated 21 August 2015.



Please refer attachment below.

 

Announcement Info

Company Name DAYANG ENTERPRISE HOLDINGS BERHAD
Stock Name DAYANG
Date Announced 21 Aug 2015
Category General Announcement for PLC
Reference Number GA1-21082015-00017

 

Attachments

  1. Press_Release_-_Notice_(Section_223_of_CMSA).pdf (Size: 402,205 bytes)