June 14, 2012

Company announcements: SEG

SEG - TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)

Announcement Type: General Announcement
Company Name: SEG INTERNATIONAL BHD
Stock Name: SEG
Date Announced: 14/06/2012

Announcement Detail:
Type: Announcement

Subject: TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)

Description: SEG INTERNATIONAL BERHAD ("SEGi " OR "COMPANY")

DISCLOSURE OF DEALINGS IN ACCORDANCE WITH SECTION 33 OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS, 2010 ("CODE") PURSUANT TO THE FOLLOWING:-

UNCONDITIONAL TAKE-OVER OFFER BY RHB INVESTMENT BANK BERHAD ON BEHALF OF PINNACLE HERITAGE SOLUTIONS SDN BHD (THE "OFFEROR" OR "PHS") TO ACQUIRE:-

(I) ALL THE REMAINING ORDINARY SHARES OF RM0.25 EACH IN SEGi ("SEGi SHARES") (EXCLUDING ALL THE TREASURY SHARES HELD BY SEGi ) NOT ALREADY OWNED BY THE OFFEROR AND PERSONS ACTING IN CONCERT WITH IT ("PACS");

(II) ALL THE OUTSTANDING WARRANTS 2010/2015 ISSUED BY SEGi ("WARRANTS") NOT ALREADY OWNED BY THE OFFEROR AND ITS PACS; AND

(III) ALL THE NEW SEGi SHARES THAT MAY BE ISSUED PRIOR TO THE CLOSING OF THE OFFER (AS DEFINED HEREINAFTER) ARISING FROM THE EXERCISE OF THE OUTSTANDING WARRANTS,

FOR A CASH OFFER PRICE OF RM1.714 PER SEGi SHARE ("OFFER SHARES") AND RM1.214 PER WARRANT ("OFFER WARRANTS") ("OFFER")


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