TMCLIFE - TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)
| Company Name | TMC LIFE SCIENCES BERHAD |
| Stock Name | TMCLIFE |
| Date Announced | 7 Aug 2014 |
| Category | General Announcement |
| Reference No | CA-140807-65713 |
| Type | Announcement |
| Subject | TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS) |
| Description | NOTICE OF TAKE-OVER OFFER |
The Board of Directors of TMC Life Sciences Berhad ("TMC") hereby announce that the Company has today received a notice of take-over offer ("Notice") in accordance with the Malaysian Code on Take-Overs and Mergers, 2010 from Maybank Investment Bank Berhad on behalf of Sasteria (M) Pte Ltd ("Offeror"), to acquire:- (i) all the remaining ordinary shares of RM0.10 each in TMC ("TMC Shares") not already held by the Offeror and such number of new TMC Shares that may be issued pursuant to the exercise of any outstanding warrants 2011/2014 issued by the Company ("Warrants") prior to the close of the Offer ("Offer Shares");and (ii) all the remaining Warrants not already held by the Offeror ("Offer Warrants"), for a cash offer price of RM0.48 per Offer Share and RM0.08 per Offer Warrant ("Offer"). The Board will hold an emergency Board meeting to deliberate the Offer and make an announcement in due course. A copy of the Notice is enclosed herewith. Copy of the Notice will also be posted to all the holders of the Offer Shares and Offer Warrants within seven (7) days from the date of this announcement. This announcement is dated 7 August 2014. | |
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