OTHERS GHL Systems Berhad ("GHL" or the "Offeree") Unconditional mandatory take-over offer by NTT DATA Japan Corporation ("Offeror") through CIMB Investment Bank Berhad to acquire all the remaining ordinary shares in GHL not already held by the Offeror ("Offer Shares") for a cash consideration of RM1.08 per Offer Share ("Offer")
| GHL SYSTEMS BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | GHL Systems Berhad ("GHL" or the "Offeree")
Unconditional mandatory take-over offer by NTT DATA Japan Corporation ("Offeror") through CIMB Investment Bank Berhad to acquire all the remaining ordinary shares in GHL not already held by the Offeror ("Offer Shares") for a cash consideration of RM1.08 per Offer Share ("Offer") |
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Unless otherwise stated, all abbreviations used herein shall have the same meaning as defined in the offer document in relation to the Offer dated 18 June 2024 (“Offer Document”). Reference is made to the Offer Document which sets out the details and the terms and conditions of the Offer, and the press notices dated 4 July 2024, 5 July 2024, 9 July 2024 and 23 July 2024 relating to the Offer. The Board of Directors of GHL wishes to announce that GHL has on 26 July 2024, received the press notice from CIMB, on behalf of the Offeror (“Press Notice”), informing that the Offeror has on 26 July 2024 posted the compulsory acquisition notice under subsection 222(1) of the CMSA (“Compulsory Acquisition Notice”) to all Dissenting Shareholders (whose names appear in the record of depositors of GHL as at 5:00 p.m. (Malaysian time) on 23 July 2024) in accordance with subsection 222(1) of the CMSA, notifying them of the Offeror’s intention to compulsorily acquire all the remaining Offer Shares held by the Dissenting Shareholders. Subject to the provisions of the CMSA, the Offeror shall be registered as the holder of the remaining Offer Shares not already owned by the Offeror: (a) after the expiration of 1 month from the date of the Compulsory Acquisition Notice; or (b) if applicable, after 14 days from the date of posting of the statement of the names and addresses of all other Dissenting Shareholders, as shown in the register of members and/or record of depositors of GHL, to the Dissenting Shareholder, upon his/her request, whichever is later. The compulsory acquisition exercise will be subject to the same terms and conditions as set out in the Offer Document or such other terms as the High Court thinks fit, on application made to it by the Dissenting Shareholder. Please refer to the attached Press Notice for further details. This announcement is dated 26 July 2024. |
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Please refer attachment below.
Announcement Info
| Company Name | GHL SYSTEMS BERHAD |
| Stock Name | GHLSYS |
| Date Announced | 26 Jul 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-22072024-00020 |