TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS ARB BERHAD ("ARB" OR "COMPANY") DISTRIBUTION-IN-SPECIE OF 17,496,142 ORDINARY SHARES IN ARB IOT GROUP LIMITED ("AIGL") ("AIGL SHARES"), REPRESENTING APPROXIMATELY 66.18% EQUITY INTEREST HELD BY ARB IN AIGL, ON THE BASIS OF 14 AIGL SHARES FOR EVERY 1,000 ORDINARY SHARES IN ARB HELD BY THE ENTITLED SHAREHOLDERS OF ARB WHOSE NAMES APPEAR IN THE RECORD OF DEPOSITORS OF ARB SHARES AS AT 22 JANUARY 2024
| ARB BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | ARB BERHAD ("ARB" OR "COMPANY")
DISTRIBUTION-IN-SPECIE OF 17,496,142 ORDINARY SHARES IN ARB IOT GROUP LIMITED ("AIGL") ("AIGL SHARES"), REPRESENTING APPROXIMATELY 66.18% EQUITY INTEREST HELD BY ARB IN AIGL, ON THE BASIS OF 14 AIGL SHARES FOR EVERY 1,000 ORDINARY SHARES IN ARB HELD BY THE ENTITLED SHAREHOLDERS OF ARB WHOSE NAMES APPEAR IN THE RECORD OF DEPOSITORS OF ARB SHARES AS AT 22 JANUARY 2024 |
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We refer to the announcements dated 17 October 2023, 12 December 2023, 27 December 2023 and 2 January 2024 in relation to the Dividend-in-Specie (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
The Board wishes to inform that AIGL had filed a registration statement on Form F-1, as amended (File No. 333-275235) (“Prospectus”) with the U.S. Securities and Exchange Commission (“SEC”), which became effective on 25 January 2024 (4:00 p.m., Eastern Time), to facilitate the Dividend-in-Specie. The Prospectus is available on the SEC’s website at https://www.sec.gov/edgar/browse/?CIK=1930179&owner=exclude. Shareholders of ARB can refer to the SEC’s website for information.
Based on the Record of Depositors for ARB Shares on the Entitlement Date, a total of 17,496,142 Distributable Shares will be distributed to all the Entitled Shareholders and will be recorded in the books of AIGL pursuant to the book-based Direct Registration System.
All the Entitled Shareholders will be given their Direct Registration Statements issued by AIGL’s transfer agent (i.e., VStock Transfer LLC, a SEC registered stock transfer firm) evidencing their Distributable Shares together with the information to deposit their Distributable Shares into their trading accounts in due course.
This announcement is dated 29 January 2024. |
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Announcement Info
| Company Name | ARB BERHAD |
| Stock Name | ARBB |
| Date Announced | 29 Jan 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-23012024-00002 |