YTLLAND

0.285

(%)

TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))

YTL LAND & DEVELOPMENT BERHAD

Type Announcement
Subject TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
Description
YTL LAND & DEVELOPMENT BERHAD ("YTL LAND" OR "COMPANY")

UNCONDITIONAL SHARE EXCHANGE OFFER ("OFFER") FROM MAYBANK INVESTMENT BANK BERHAD ON BEHALF OF YTL CORPORATION BERHAD ("OFFEROR")

(Unless otherwise stated, all abbreviations used in this announcement shall have the same meanings as defined in the Company’s announcement dated 13 June 2019 in relation to the Offer)

 

We refer to the Company’s announcements dated 13 June 2019, 14 June 2019, 24 June 2019, 4 July 2019, 11 July 2019, 27 August 2019, 29 August 2019, 17 September 2019, 19 September 2019, 3 October 2019, 7 October 2019 and 8 October 2019 in relation to the Offer.

 

The Company has received the attached press notice from Maybank IB, on behalf of the Offeror, announcing that the Offeror has, on 16 October 2019, despatched the notice given in accordance with Subsection 223(2) of the CMSA (“Notice”) to the shareholders of YTL Land who have not accepted the Offer (“Dissenting Shareholders”), informing them that they may exercise their rights under Section 223 of the CMSA to require the Offeror to acquire their YTL Land Shares on the terms of the Offer as set out in the offer document dated 4 July 2019 issued by the Offeror or such other terms as may be agreed between the Offeror and the Dissenting Shareholders or as the High Court, on application made to it by any Dissenting Shareholder or by the Offeror, thinks fit to order under Subsection 224(3) of the CMSA.

 

Any Dissenting Shareholder may give notice to the Offeror requiring the Offeror to acquire their YTL Land Shares no later than 5:00 p.m. (Malaysian time) on 7 January 2020, being a date which is at least 3 months from the close of the Offer.

 

Please refer to the attached press notice and Notice for further details.

 

This announcement is dated 16 October 2019.




Please refer attachment below.



Announcement Info

Company Name YTL LAND & DEVELOPMENT BERHAD
Stock Name YTLLAND
Date Announced 16 Oct 2019
Category General Announcement for PLC
Reference Number GA1-10102019-00054