BPLANT

1.570

(%)

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

BOUSTEAD PLANTATIONS BERHAD

Type Announcement
Subject TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
Description
BOUSTEAD PLANTATIONS BERHAD ("BPLANT")

UNCONDITIONAL MANDATORY TAKE-OVER OFFER BY LEMBAGA TABUNG ANGKATAN TENTERA ("OFFEROR") THROUGH UOB KAY HIAN SECURITIES (M) SDN BHD AND MAYBANK INVESTMENT BANK BERHAD TO ACQUIRE ALL THE REMAINING ORDINARY SHARES IN BPLANT NOT ALREADY HELD BY THE OFFEROR ("OFFER SHARE(S)") FOR A CASH OFFER PRICE OF RM1.55 PER OFFER SHARE ("OFFER")

Unless otherwise stated, all abbreviations used herein shall have the same meaning as defined in the offer document in relation to the Offer dated 1 December 2023 ("Offer Document").

 

We refer to the Offer Document which sets out the details, terms and conditions of the Offer, the press notice dated 20 December 2023 in relation to the extension of the closing date of the Offer up to 5 January 2024, as well as the press notice dated 22 December 2023 in relation to the Offeror informing that it had achieved the requisite criteria to withdraw the listing status of BPlant from the Official List

 

We have, on 3 January 2024, received the press notice from UOBKH and Maybank IB, on behalf of the Offeror ("Press Notice"), informing the Holders that the Offeror does not intend to extend the closing date of the Offer beyond 5.00 p.m. (Malaysian time) on Friday, 5 January 2024. Accordingly, please note that the final closing time and date for the acceptance of the Offer is 5.00 p.m. (Malaysian time) on Friday, 5 January 2024 ("Final Closing Date").

 

Save for the Final Closing Date, all other details, terms and conditions of the Offer as set out in the Offer Document remain unchanged.

 

Holders should also note that since the Offeror and the PACs already collectively hold more than 90.0% of the BPlant Shares and the Offeror does not intend to maintain the listing status of BPlant on the Main Market of Bursa Securities, Bursa Securities will suspend the trading of the BPlant Shares immediately upon the expiry of 5 market days from the Final Closing Date in accordance with subparagraph 16.02(3) of the Listing Requirements.

 

Thereafter, the Offeror will procure BPlant to take the requisite steps to withdraw its listing status from the Official List in accordance with paragraph 16.07 of the Listing Requirements. Accordingly, if BPlant is delisted from the Official List as a consequence of the Offeror and the PACs collectively holding 90.0% or more of the BPlant Shares, the BPlant Shares will no longer be traded on the Main Market of Bursa Securities.

 

Holders should note that in the event BPlant is delisted, Holders will be holding unlisted Shares and the absence of a trading platform for the Shares will make it difficult for Holders to trade their unlisted BPlant Shares. Furthermore, there is no assurance that Holders will be able to dispose their BPlant Shares at a price equivalent to or above the Offer Price after the potential suspension and delisting of BPlant Shares.

 

Please refer to the attached Press Notice for further details.

 

This announcement is dated 3 January 2024.

 




Please refer attachment below.



Announcement Info

Company Name BOUSTEAD PLANTATIONS BERHAD
Stock Name BPLANT
Date Announced 03 Jan 2024
Category General Announcement for PLC
Reference Number GA1-03012024-00037