Type | Announcement |
Subject | MALAYAN BANKING BERHAD ("MAYBANK" OR "THE COMPANY") UNCONDITIONAL MANDATORY GENERAL OFFER ("MGO") BY MAYBAN FORTIS HOLDINGS BERHAD ("MAYBAN FORTIS"), A 70%-OWNED SUBSIDIARY OF MAYBANK, FOR ALL THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN MNI HOLDINGS BERHAD ("MNIH") NOT ALREADY OWNED BY MAYBAN FORTIS AT A CASH OFFER PRICE OF RM4.02 PER MNIH ORDINARY SHARE ("MNIH MGO") |
Pursuant to Section 25(1) of the Malaysian Code on Take-Overs and Mergers, 1998 (“the Code”), Aseambankers Malaysia Berhad ("Aseambankers"), on behalf of Mayban Fortis, wishes to inform the Offer Holders that as at 5:00 p.m. (Malaysian Time) on 9 February 2006, Mayban Fortis and the persons acting in concert with Mayban Fortis collectively hold approximately 85.99% of the issued and paid-up share capital of MNIH, the details of which are set out in Table 1 below.
As stated previously in our announcement dated 23 January 2006 and in the MNIH MGO offer document, Mayban Fortis will apply to DELIST MNIH from the Official List of Bursa Securities (subject to the relevant approvals being obtained, if and where required) pursuant to the completion of the MNIH MGO. Mayban Fortis does not intend to comply with Paragraph 8.15(1) of the Bursa Securities LR and does not intend to maintain the listing status of MNIH regardless of the level of acceptances.
As such, Offer Holders who choose not to accept the MNIH MGO may end up holding unlisted MNIH shares.
In connection with the above, Aseambankers on behalf of Mayban Fortis, hereby wishes to announce that the closing date for the MNIH MGO has been extended further to 5:00 p.m. (Malaysian Time) on Friday, 3 March 2006 (“Final Closing Date”).
Pursuant to Section 24(2) of the Code, the Final Closing Date shall be a date not later than the sixtieth (60th) day from the despatch of the MNIH MGO offer document. Hence, there will be no further extensions beyond the Final Closing Date.
All other terms and conditions of the MNIH MGO remain unchanged.
Offer Holders who have yet to accept the MNIH MGO are advised to refer to the MNIH MGO offer document for the terms, conditions and procedures for acceptance of the MNIH Offer should they decide to accept the MNIH MGO. The revised timetable for the MNIH MGO is as set out in Table 2 below.
This announcement is dated 9 February 2006.
Table 1 - Position and Level of Acceptances
![]() |
Number of MNIH shares
|
% of issued and paid-up share capital of MNIH
|
- Held by Mayban Fortis as at 3 January 2006, being the date of despatch of the Offer Document |
210,060,496
|
73.62
|
- Held by persons acting in concert with Mayban Fortis as at 3 January 2006, being the date of despatch of the Offer Document |
6,678,900
|
2.34
|
- In respect of which valid acceptances of the MNIH MGO have been received as at 5:00 p.m. on 9 February 2006 |
28,526,152
|
10.00
|
- In respect of which acceptances of the MNIH MGO have been received as at 5:00 p.m. on 9 February 2006 but are subject to verification |
73,653
|
0.03
|
- Acquired or agreed to be acquired during the offer period |
-
|
-
|
|
245,339,201
|
85.99
|
Table 2 - Revised Timetable
Opening date |
:
|
Tuesday, 3 January 2006 |
Issuance of Independent Advice Circular |
:
|
Friday, 13 January 2006 |
Final Closing Date |
:
|
5.00 p.m. (Malaysian Time) on Friday, 3 March 2006 |
Company Name | MALAYAN BANKING BERHAD |
Stock Name | MAYBANK |
Date Announced | 9 Feb 2006 |
Category | General Announcement |
Reference No | CU-060208-37052 |