OTHERS EURO HOLDINGS BERHAD ("EURO" OR " THE COMPANY") NOTIFICATION ON CHANGE IN THE INTEREST OF DIRECTOR AND SUBSTANTIAL SHAREHOLDER, DATO' SRI LIM TECK BOON
EURO HOLDINGS BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | EURO HOLDINGS BERHAD ("EURO" OR " THE COMPANY") NOTIFICATION ON CHANGE IN THE INTEREST OF DIRECTOR AND SUBSTANTIAL SHAREHOLDER, DATO' SRI LIM TECK BOON |
We refer to the Company’s announcements made on 16 April 2021 in relation to the notification on change in the interest of director and substantial shareholder, Dato' Sri Lim Teck Boon.
The Board of Directors of Euro (“Board”) wishes to clarify that on 14 April 2021, Euro had received a notification from Dato' Sri Lim Teck Boon (“Dato' Sri Lim”) pursuant to Sections 219 and 138 of the Companies Act 2016, that he had exercised a dealing pursuant to the Master Share Sale and Repurchase Agreement (“the Agreement”) with Equities First Holdings LLC (“EFH”), whereas Dato' Sri Lim has to repurchase 10,000,000 ordinary shares (“Shares”) held in Euro upon such terms and conditions as stipulated in the Agreement.
The Board wishes to further inform that the terms and conditions of the Agreement are as follows: -
a) Subject at all times to all the terms and conditions of the Agreement, EFH agrees to pay Dato' Sri Lim funds equal to the agreed purchase and repurchase price multiplied by 10,000,000 shares of Euro.
b) Dato' Sri Lim acknowledges that EFH has all rights associated with the Shares, including any rights offerings, options, warrants, or other distributions associated with the Shares, during the 3 years' term of the Agreement. Upon the maturity date of the 3 years' terms, Dato' Sri Lim has to repurchase the shares from EFH at the same amount.
This announcement is dated 3 May 2021. |
Announcement Info
Company Name | EURO HOLDINGS BERHAD |
Stock Name | EURO |
Date Announced | 03 May 2021 |
Category | General Announcement for PLC |
Reference Number | GA1-21042021-00020 |