TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
| THE STORE CORPORATION BERHAD |
| Type | Announcement |
| Subject | TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A)) |
| Description | The Store Corporation Berhad (TSCB or the Company)
Unconditional Mandatory Take-Over Offer from Hong Leong Investment Bank Berhad on behalf of TYS Consolidated Sdn Bhd ("Offeror") to acquire all the ordinary shares of RM1.00 each in TSCB (TSCB Shares) not already held by the Offeror (Offer Shares) for a cash consideration of RM3.70 per TSCB Share ("Offer") |
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We refer to our previous announcements in relation to the Offer. The Company has today received a press notice from HLIB, on behalf of the Offeror, informing the Company that the Offeror had received valid acceptances in respect of the Offer Shares resulting in the Offeror holding not less than nine-tenths (9/10) in the nominal value of the Offer Shares (excluding the ordinary shares of RM1.00 each in TSCB already held by the Ultimate Offerors, Offeror, and PACs as at 28 November 2016, being the date of the notice of the Offer served to the board of TSCB) as at 5.00 p.m. (Malaysian time), on Wednesday, 25 January 2017. Accordingly, the Offeror will within 2 months from the date of this announcement, invoke the provisions of subsection 222(1) of the Capital Markets and Services Act, 2007 (“CMSA”), subject to section 224 of the CMSA, to compulsorily acquire any remaining Offer Shares for which acceptances have not been received under the Offer. The closing date of the Offer shall remain at 5.00 p.m. (Malaysian time) on Tuesday, 31 January 2017 (“Closing Date”). The Offeror does not intend to extend the Closing Date of the Offer. As more than 90% of the listed shares of TSCB are held by the Offeror, and in view that the Offeror does not intend to maintain the listing status of TSCB on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”), pursuant to Paragraph 16.02(3) of the Main Market Listing Requirements of Bursa Securities, Bursa Securities shall suspend trading of TSCB shares upon the expiry of 5 market days from the Closing Date. Save for the above, all other details, terms and conditions of the Offer as set out in the offer document dated 19 December 2016 shall remain unchanged. Please refer to the attached press notice for further details. This announcement is dated 25 January 2017. |
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Please refer attachment below.
Announcement Info
| Company Name | THE STORE CORPORATION BERHAD |
| Stock Name | TSTORE |
| Date Announced | 25 Jan 2017 |
| Category | General Announcement for PLC |
| Reference Number | GA1-25012017-00054 |