The Board of Directors of Unico-Desa Plantations Berhad (“Unico-Desa”) wish to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide its letter dated 24 December 2013, approved Unico-Desa’s application for extension of time to comply with the public shareholding spread requirement until the delisting of Unico-Desa.
The public shareholding spread of Unico-Desa as at 16 December 2013 (being the final closing date of the unconditional take-over offer) was 5.30%.
As announced on 11 December 2013, IOI Plantation Sdn Bhd (“IOI Plantation”), had received valid acceptances of not less than nine-tenths (9/10) in nominal value of the offer shares and that IOI Plantation will proceed to invoke Section 222 of the Capital Markets and Services Act, 2007 to compulsorily acquire any remaining offer shares for which valid acceptances have not been received under the unconditional take-over offer within two (2) months from 11 December 2013.
In addition, IOI Plantation had, on 17 December 2013, filed an application with Bursa Securities to withdraw Unico-Desa's listing from the Official List of Bursa Securities pursuant to Paragraphs 16.07 and 16.08 of the Main Market Listing Requirements of Bursa Securities.
This announcement is dated 26 December 2013.