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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 and 19 September 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 3 October 2019, despatched the notice given in accordance with Subsection 223(2) of the CMSA (“Notice”) to the holders of YTL Land ICULS who have not accepted the Offer ("Dissenting ICULS Holders"), informing them that they may exercise their rights under Section 223 of the CMSA to require the Offeror to acquire their YTL Land ICULS on the terms of the Offer as set out in the Offer Document dated 4 July 2019 or such other terms as may be agreed between the Offeror and the Dissenting ICULS Holders or as the High Court, on application made to it by any Dissenting ICULS Holder or by the Offeror, thinks fit to order under Subsection 224(3) of the CMSA.

Any Dissenting ICULS Holder may give notice to the Offeror requiring the Offeror to acquire their YTL Land ICULS 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.

Based on the notice of extension dated 19 September 2019, the Offer is still open for acceptances until 5:00 p.m. (Malaysian time) on 7 October 2019, being the final closing date of the Offer.

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

This announcement is dated 3 October 2019.




Please refer attachment below.



Announcement Info

Company Name YTL LAND & DEVELOPMENT BERHAD
Stock Name YTLLAND
Date Announced 03 Oct 2019
Category General Announcement for PLC
Reference Number GA1-01102019-00103