We refer to the Company's announcements dated 18 June 2021 and 22 September 2021 wherein the Board of Directors of the Company had announced that it proposed to undertake amongst others, the acquisition of a hydro asset (“Proposed Acquisitions”). As a result of the Proposed Acquisitions, the collective shareholdings of the Offeror and its parties acting in concert will increase from below 33% to above 50%. Thus, in accordance with Paragraph 4.01(a) of the Rules, the Offeror and its parties acting in concert are obliged to undertake the Offer.
Pursuant to Paragraph 19.05 of the Rules, the Company had on 26 May 2023 received a notification from the Chief Executive Officer/Director of the Company, who is not person acting in concert with the Offeror, on his dealings in JSB Warrants taken place on 25 May 2023, of which the details are as follows:
Name of Registered Holder
|
Nature of transaction
|
Date
|
Quantity
|
Average price
|
Amount
|
RM
|
RM
|
CGS-CIMB Nominees (Tempatan) Sdn. Bhd. pledged securities account for Jeefri bin Muhamad Yusup
|
Acquisition of Warrants via Open Market
|
25.05.2023
|
130,000
|
0.391154 each
|
50,850.02
|
This announcement is dated 26 May 2023.