Unconditional Mandatory Take-over Offer
Description |
CITAGLOBAL BERHAD (FORMERLY KNOWN AS WZ SATU BERHAD) ("CITAGLOBAL" OR THE "OFFEREE") OFFER DOCUMENT IN RELATION TO THE UNCONDITIONAL MANDATORY TAKE-OVER OFFER BY TIZA GLOBAL SDN BHD ("TIZA GLOBAL" OR THE "OFFEROR") THROUGH KAF INVESTMENT BANK BERHAD ("KAF IB") TO ACQUIRE ALL THE REMAINING ORDINARY SHARES, IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES ("ICPS"), WARRANTS 2014/2024 ("WARRANTS A") AND WARRANTS 2021/2031 ("WARRANTS B") IN CITAGLOBAL NOT ALREADY OWNED BY THE OFFEROR, TAN SRI DATO SRI (DR.) MOHAMAD NORZA BIN ZAKARIA ("TS NORZA" OR THE "ULTIMATE OFFEROR") AND PERSONS ACTING IN CONCERT WITH THEM ("PACS") PURSUANT TO SUBPARAGRAPH 4.01(A) OF THE RULES ON TAKE-OVERS, MERGERS AND COMPULSORY ACQUISITIONS ("OFFER") |
Despatch Date | 29 Nov 2022 |
Acceptance Period | 29 Nov 2022 to 20 Dec 2022 |
Closing Date | 20 Dec 2022 |
Closing Time | 5:00 PM |
Name of Offeror(s)
Offeror | Listed on Bursa Malaysia |
TIZA Global Sdn Bhd |
No |
Offer by Offeror(s) | Cash |
Cash | |
Offer Price Per Unit | Malaysian Ringgit (MYR) 0.1900 |
Registrar or Service Provider name, address, telephone no |
SECURITIES SERVICES (HOLDINGS) SDN BHD Level 7, Menara Milenium Jalan Damanlela, Pusat Bandar Damansara Damansara Heights 50490 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0320849000 Fax:0320949940 |
Remarks : |
The Offer entails an unconditional mandatory take-over offer by the Offeror through KAF IB to acquire: 1. all the remaining ordinary shares in Citaglobal ("Citaglobal Share(s)") not already owned by the Offeror, Ultimate Offeror and PACs as well as such number of new Citaglobal Shares that may be issued and allotted prior to the closing date of the offer arising from the: a. conversion of the ICPS; b. exercise of the Warrant(s) A; and c. exercise of the Warrant(s) B, ("Offer Share(s)"), for a cash consideration of RM0.19 per Offer Share; 2. all the remaining ICPS not already owned by the Offeror, Ultimate Offeror And PACs ("Offer ICPS") for a cash consideration of RM0.19 per Offer ICPS; 3. all the remaining Warrants A not already owned by the Offeror, Ultimate Offeror and PACs ("Offer Warrant(s) A") for a cash consideration of RM0.01 per Offer Warrant A; and 4. all the remaining Warrants B not already owned by the Offeror, Ultimate Offeror And PACs ("Offer Warrant(s) B") for a cash consideration of RM0.03 per Offer Warrant B. Please refer to the Offer Document which sets out the details, terms and conditions of the Offer. |
Please refer attachment below.
Announcement Info
Company Name | CITAGLOBAL BERHAD |
Stock Name | CITAGLB |
Date Announced | 29 Nov 2022 |
Category | Take-over Offer |
Reference Number | TEN-29112022-00001 |
Corporate Action ID | MY221129TEND0001 |