NOMAD

0.970

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TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS) THE NOMAD GROUP BHD (TNGB OR THE COMPANY) UNCONDITIONAL TAKE-OVER OFFER FROM PLENITUDE BERHAD (OFFEROR OR PLENITUDE)

THE NOMAD GROUP BHD

Type Announcement
Subject TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)
Description
THE NOMAD GROUP BHD (TNGB OR THE COMPANY)
UNCONDITIONAL  TAKE-OVER OFFER FROM PLENITUDE BERHAD (OFFEROR OR PLENITUDE)

Unless otherwise defined, abbreviations and definitions used throughout this announcement shall be the same as those previously defined in the Company’s announcements dated 2, 3, 9 March 2015 and 6, 18, 21 and 25 May 2015.

The Board of Directors of TNGB wishes to announce that the Company has today received the attached press release  from Mercury Securities Sdn Bhd, on behalf of the Offeror, informing that the Offeror has received valid acceptances in respect of the Offer resulting in the Offeror holding in aggregate more than 90% of the TNGB Shares  as at 5.00 p.m. (Malaysian time) on 29 May 2015.

As stated in Section 9 of the Offer Document dated 6 May 2015, the Offeror does not intend to maintain the listing status of TNGB on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) and does not intend to address any shortfall to meet the public shareholding spread requirement of TNGB.

Pursuant thereto, in accordance with Paragraph 16.02(3) of the Main Market Listing Requirements of Bursa Securities, Bursa Securities shall suspend trading of TNGB Shares upon expiry of five (5) market days from the close of the Offer. The suspension will result in the TNGB Shares no longer being traded on Bursa Securities and following that, holders of TNGB Shares who have not accepted the Offer will not be able to realise their investments in the TNGB Shares in the open market through trading on Bursa Securities.

As set out in Section 10 of the Offer Document, Plenitude intends to invoke the provisions under Section 222(1) of the Capital Markets and Services Act, 2007 (“CMSA”)  to compulsorily acquire any remaining Offer Shares for which acceptances have not been received as at 10 June 2015, being the Extended Closing Date. Accordingly, Plenitude will, within two (2) months from today, proceed to exercise its right to compulsorily acquire any remaining Offer Shares for which acceptances have not been received, in accordance with the provisions of the CMSA.

The Offer will remain open for acceptances up to 5.00 p.m. (Malaysian time) on Wednesday, 10 June 2015. No further extension of the closing time and date for the Offer will be made by the Offeror.

This announcement is dated 29 May 2015.




Please refer attachment below.



Announcement Info

Company Name THE NOMAD GROUP BHD
Stock Name NOMAD
Date Announced 29 May 2015
Category General Announcement for PLC
Reference Number GA1-29052015-00106