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TASEK

5.500

(%)

PUBLIC SHAREHOLDINGS SPREAD

TASEK CORPORATION BERHAD

Type Announcement
Subject PUBLIC SHAREHOLDINGS SPREAD
Description
TASEK CORPORATION BERHAD ("TASEK" OR "COMPANY")

PUBLIC SHAREHOLDING SPREAD

(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcements dated 28 May 2019 in relation to the Offer unless otherwise stated.)

 

We refer to the announcements in relation to the notice of unconditional take-over offer by the Joint Offerors dated 28 May 2019 and the non-compliance of Public Spread Requirement dated 29 May 2019.

 

Reference is made to the press notice dated 19 August 2019 from CIMB Investment Bank Berhad, on behalf of the Joint Offerors, informing on total acquisitions including valid acceptances of 106,760,242 ordinary shares. Reference is also made to the substantial shareholders’ notices received today verifying the acceptances received by the Joint Offerors at the final closing offer on 19 August 2019.  Accordingly, the Joint Offerors holds approximately 88.16% of the total issued shares of Tasek (“Voting Shares of Tasek”).

 

Arising from the above, as the public shareholding spread of Tasek is 11.84% of the total Voting Shares of Tasek, the Board of Directors of Tasek, pursuant to Paragraph 8.02(3) of the Main Market Listing Requirements (“Listing Requirements”), wishes to announce that Tasek does not comply with the Public Spread Requirement set out in Paragraph 8.02(1) of the Listing Requirements.

 

As set out in Section 4.1 of the Offer Document, the Joint Offerors do not intend to maintain the listing status of Tasek on the Main Market of Bursa Securities (“Joint Offerors’ Intention”).  Pursuant to Paragraph 8.02(4) of the Listing Requirements, the Company will apply to Bursa Securities for an extension of time to address the Public Spread Requirement as well as to allow the Joint Offerors sufficient time to formulate and to formally inform the Company of their plans with regard to the Joint Offerors’ Intention.

 

This announcement is dated 26 August 2019.






Announcement Info

Company Name TASEK CORPORATION BERHAD
Stock Name TASEK
Date Announced 26 Aug 2019
Category General Announcement for PLC
Reference Number GA1-26082019-00049