We refer to the announcements dated 25 July 2016, 26 July 2016, 15 August 2016, 29 August 2016 and 30 August 2016 as well as the offer document dated 15 August 2016 (“Offer Document”) in relation to the Offer.
We wish to announce that CIMB Investment Bank Berhad (“CIMB”) has announced the following, on behalf of YTL Corp:
(i) The closing date for the Offer has been extended to 5.00 p.m. (Malaysian time) on Thursday, 29 September 2016 (“Revised Closing Date”). Accordingly, a written notification on the extension of the Offer by YTL Corp will be despatched to holders of Offer Shares.
Save for the Revised Closing Date, all other details, terms and conditions of the Offer remain unchanged.
(ii) The Offeror has received valid acceptances in respect of the Offer resulting in the Offeror holding more than 90% of the listed shares (excluding treasury shares) of YTL e-Solutions as at 9 September 2016.
As set out in Section 5.1 of the Offer Document, the Offeror does not intend to maintain the listing status of YTL e-Solutions on Bursa Malaysia Securities Berhad (“Bursa Securities”) in the event YTL e-Solutions is unable to comply with the public shareholding spread requirement pursuant to Rule 8.02(1) of the ACE Market Listing Requirements of Bursa Securities (“Listing Requirements”).
(iii) In accordance with Rule 16.02(3) of the Listing Requirements, Bursa Securities shall suspend the trading of ordinary shares of RM0.10 each in YTL e-Solutions (“YTL e-Solutions Shares”) upon the expiry of 5 market days from the close of the offer period, if YTL e-Solutions has made an announcement that the Offeror does not intend to maintain the YTL e-Solutions’ listing status pursuant to Rule 9.19(48) of the Listing Requirements.
The Offeror will also procure YTL e-Solutions to make an application to Bursa Securities for the withdrawal of its listing status from the Official List of Bursa Securities pursuant to Rule 16.07(a) of the Listing Requirements.
Once YTL e-Solutions is de-listed, the holders of the Offer Shares who have not accepted the Offer (“Dissenting Shareholders”) will hold unlisted YTL e-Solutions Shares and, therefore, will not be able to trade them on Bursa Securities.
(iv) The Offeror has not yet received sufficient acceptances to enable the Offeror to invoke the provisions of Section 222 of the Capital Markets and Services Act, 2007 (“CMSA”) to compulsorily acquire any remaining Offer Shares for which acceptances have not been received (“Compulsory Acquisition”). However, as set out in the Offer Document, if the Offer is accepted by the holders of not less than nine-tenths (9/10) in the nominal value of the Offer Shares (excluding YTL e-Solutions Shares already held by the Offeror and persons acting in concert with them as at the date of the Offer), the Offeror intends to undertake the Compulsory Acquisition. Under such situation, the Offeror will give such Dissenting Shareholders a notice in the manner prescribed by the Securities Commission, informing them of the Compulsory Acquisition.
Please refer to the enclosed press notice, which was released today by CIMB (on behalf of YTL Corp) for further details.
This announcement is dated 9 September 2016.
本周最热论坛帖子
发表于 11-9-2016 03:49 AM
发表于 15-12-2016 10:20 AM
3935 
75
