We refer to the Company’s announcement dated 4 February 2014 in relation to the unconditional take-over offer from the Joint Offerors through Maybank IB to acquire all the remaining ordinary shares of RM1.00 each in Bernas not already owned by the Joint Offerors and Tradewinds (M) Berhad, being the person acting in concert with the Joint Offerors (“Offer Shares”) for a cash offer price of RM3.70 per Offer Share (“Offer”).
The Company wishes to announce that the Board of Directors of Bernas (“Board”) does not intend to seek an alternative person to make a take-over offer for the Offer Shares.
The Company also wishes to announce that in accordance with the Malaysian Code on Take-Overs and Mergers, 2010 (“Code”), the Board has appointed KAF Investment Bank Berhad as the Independent Adviser to advise the Independent Directors and holders of the Offer Shares on the reasonableness of the Offer pursuant to Section 15(1) of the Code.
This announcement is dated 10 February 2014.