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YTL

0.975

(%)

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

YTL CORPORATION BERHAD

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

UNCONDITIONAL SHARE EXCHANGE OFFER BY YTL CORP TO ACQUIRE ALL THE REMAINING SECURITIES IN YTL LAND & DEVELOPMENT BERHAD NOT ALREADY OWNED BY THE COMPANY ("OFFER")
(Unless otherwise stated, all abbreviations used in this announcement shall have the same meanings as defined in the offer document in relation to the Offer dated 4 July 2019 ("Offer Document"))

We refer to the announcements dated 13 June 2019, 17 June 2019, 21 June 2019, 24 June 2019 and 4 July 2019 in relation to the Offer.

On behalf of the Board, Maybank IB wishes to announce that as at 5:00 p.m. (Malaysian time) on 11 July 2019, the Offeror has received Valid Acceptances resulting in the Offeror holding 75.93% of the total YTL Land Shares in issue (excluding treasury shares). As such, YTL Land does not comply with the public spread requirement pursuant to Paragraph 8.02(1) of the Listing Requirements which stipulates that a listed issuer must ensure that at least 25% of its total listed shares (excluding treasury shares) are in the hands of public shareholders ("Public Spread Requirement").

As set out in Section 4.1 of the Offer Document, YTL Corp does not intend to maintain the listing status of YTL Land on the Main Market of Bursa Securities and as such, it will not be taking any steps to address any shortfall in the public shareholding spread of YTL Land in the event YTL Land is not able to comply with the Public Spread Requirement as a result of the acceptances received by the Offeror under the Offer. 

Please refer to the attached press notice for further details.

This announcement is dated 11 July 2019.



Please refer attachment below.



Announcement Info

Company Name YTL CORPORATION BERHAD
Stock Name YTL
Date Announced 11 Jul 2019
Category General Announcement for PLC
Reference Number GA1-11072019-00113