PETRA-WA - Profile for Warrants
Announcement Type: Listing Information & Profile
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: PETRA PERDANA BERHAD
Stock Name: PETRA-WA
Date Announced: 28/10/2010
Announcement Detail:
Instrument Type: Warrants
Description: Free detachable warrants ("Warrants") issued pursuant to the renounceable rights issue of 122,760,000 new ordinary shares of RM0.50 each in Petra Perdana Berhad ("PPB Share") ("Rights Share") ("Rights Issue")
Listing Date: 01/11/2010
Issue Date: 27/10/2010
Issue/ Ask Price: MYR 0.0000
Issue Size Indicator: Unit
Issue Size in Unit: 61,379,785
Maturity Date: 26/10/2015
Exercise/ Conversion Period: 5.00 Year(s)
Exercise/Strike/Conversion Price: MYR 1.0000
Revised Exercise/Strike/Conversion Price: MYR 0.0000
Exercise/ Conversion Ratio: 1 Warrant : 1 PPB Share
Mode of satisfaction of Exercise/ Conversion price: Cash
Settlement Type/ Convertible into: Physical (Shares)
Remarks: The Warrants are issued free pursuant to the Rights Issue on the basis of one (1) Warrant for every two (2) Rights Shares subscribed.
Each Warrant entitles the holder to subscribe for one (1) new PPB Share at the exercise price of RM1.00 at any time during the exercise period, subject to adjustments in accordance with the provisions of the deed poll constituting the Warrants. Warrants not exercised during the exercise period will thereafter lapse and cease to be valid.
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: PETRA PERDANA BERHAD
Stock Name: PETRA-WA
Date Announced: 28/10/2010
Announcement Detail:
Instrument Type: Warrants
Description: Free detachable warrants ("Warrants") issued pursuant to the renounceable rights issue of 122,760,000 new ordinary shares of RM0.50 each in Petra Perdana Berhad ("PPB Share") ("Rights Share") ("Rights Issue")
Listing Date: 01/11/2010
Issue Date: 27/10/2010
Issue/ Ask Price: MYR 0.0000
Issue Size Indicator: Unit
Issue Size in Unit: 61,379,785
Maturity Date: 26/10/2015
Exercise/ Conversion Period: 5.00 Year(s)
Exercise/Strike/Conversion Price: MYR 1.0000
Revised Exercise/Strike/Conversion Price: MYR 0.0000
Exercise/ Conversion Ratio: 1 Warrant : 1 PPB Share
Mode of satisfaction of Exercise/ Conversion price: Cash
Settlement Type/ Convertible into: Physical (Shares)
Remarks: The Warrants are issued free pursuant to the Rights Issue on the basis of one (1) Warrant for every two (2) Rights Shares subscribed.
Each Warrant entitles the holder to subscribe for one (1) new PPB Share at the exercise price of RM1.00 at any time during the exercise period, subject to adjustments in accordance with the provisions of the deed poll constituting the Warrants. Warrants not exercised during the exercise period will thereafter lapse and cease to be valid.
GLD-C3 - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Name: GLD-C3: CW ETF SPDR GOLD TRUST ()
Stock Name: GLD-C3
Date Announced: 28/10/2010
Announcement Detail:
Type: Announcement
Subject: OFFERING OF UP TO 90,000,000 NON-COLLATERALISED CASH SETTLED EUROPEAN-STYLE CALL WARRANTS OVER UNITS OF SPDR? GOLD TRUST ("GLD ETF") ("OFFERING")
Contents: OFFERING OF UP TO 90,000,000 NON-COLLATERALISED CASH SETTLED EUROPEAN-STYLE CALL WARRANTS OVER UNITS OF SPDR? GOLD TRUST ("GLD ETF") ("OFFERING")
Attachments: Appendix (GLD-C3).pdf
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Name: GLD-C3: CW ETF SPDR GOLD TRUST ()
Stock Name: GLD-C3
Date Announced: 28/10/2010
Announcement Detail:
Type: Announcement
Subject: OFFERING OF UP TO 90,000,000 NON-COLLATERALISED CASH SETTLED EUROPEAN-STYLE CALL WARRANTS OVER UNITS OF SPDR? GOLD TRUST ("GLD ETF") ("OFFERING")
Contents: OFFERING OF UP TO 90,000,000 NON-COLLATERALISED CASH SETTLED EUROPEAN-STYLE CALL WARRANTS OVER UNITS OF SPDR? GOLD TRUST ("GLD ETF") ("OFFERING")
Attachments: Appendix (GLD-C3).pdf
MYETFDJ - General Announcement
Announcement Type: General Announcement
Company Name: MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25
Stock Name: MYETFDJ
Date Announced: 28/10/2010
Announcement Detail:
Type: Announcement
Subject: MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25 - Valuation Point as at 27-10-2010 - Amendment
Contents: Fund:MYETFDJ
NAV per unit (RM):0.9345
Units in Circulation (units):672,000,000
Manager's Fee (%p.a):0.40
Trustee's Fee (%p.a):0.05
License Fee (%p.a):0.04
DJIM25 Index:836.32
Attachments: Daily Fund Values 271010-amended.pdf
Company Name: MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25
Stock Name: MYETFDJ
Date Announced: 28/10/2010
Announcement Detail:
Type: Announcement
Subject: MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25 - Valuation Point as at 27-10-2010 - Amendment
Contents: Fund:MYETFDJ
NAV per unit (RM):0.9345
Units in Circulation (units):672,000,000
Manager's Fee (%p.a):0.40
Trustee's Fee (%p.a):0.05
License Fee (%p.a):0.04
DJIM25 Index:836.32
Attachments: Daily Fund Values 271010-amended.pdf
CIMBA40 - CIMB FTSE ASEAN 40 Malaysia - IOPV after close of morning trading session as at 28-Oct-10
Announcement Type: General Announcement
Submitting Merchant Bank: DEUTSCHE BANK (MALAYSIA) BERHAD
Company Name: CIMB FTSE ASEAN 40 MALAYSIA
Stock Name: CIMBA40
Date Announced: 28/10/2010
Announcement Detail:
Type: Announcement
Subject: CIMB FTSE ASEAN 40 Malaysia - IOPV after close of morning trading session as at 28-Oct-10
Contents: Fund: CIMB FTSE ASEAN 40 Malaysia
IOPV per unit (RM): 1.5739
Units in circulation (units): 8,100,000.00
Management Fee (% p.a.): 0.00
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.00
FTSE/ASEAN 40 Index: 10,198.51
Submitting Merchant Bank: DEUTSCHE BANK (MALAYSIA) BERHAD
Company Name: CIMB FTSE ASEAN 40 MALAYSIA
Stock Name: CIMBA40
Date Announced: 28/10/2010
Announcement Detail:
Type: Announcement
Subject: CIMB FTSE ASEAN 40 Malaysia - IOPV after close of morning trading session as at 28-Oct-10
Contents: Fund: CIMB FTSE ASEAN 40 Malaysia
IOPV per unit (RM): 1.5739
Units in circulation (units): 8,100,000.00
Management Fee (% p.a.): 0.00
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.00
FTSE/ASEAN 40 Index: 10,198.51
CIMBX25 - CIMB FTSE Xinhua China 25 - IOPV after close of morning trading session as at 28-Oct-10
Announcement Type: General Announcement
Submitting Merchant Bank: DEUTSCHE BANK (MALAYSIA) BERHAD
Company Name: CIMB FTSE XINHUA CHINA 25
Stock Name: CIMBX25
Date Announced: 28/10/2010
Announcement Detail:
Type: Announcement
Subject: CIMB FTSE Xinhua China 25 - IOPV after close of morning trading session as at 28-Oct-10
Contents: Fund: CIMB FTSE Xinhua China 25
IOPV per unit (RM): 1.0935
Units in circulation (units): 17,550,000.00
Management Fee (% p.a.): 0.60
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.04
FTSE/Xinhua China 25 Index: 19,854.07
Submitting Merchant Bank: DEUTSCHE BANK (MALAYSIA) BERHAD
Company Name: CIMB FTSE XINHUA CHINA 25
Stock Name: CIMBX25
Date Announced: 28/10/2010
Announcement Detail:
Type: Announcement
Subject: CIMB FTSE Xinhua China 25 - IOPV after close of morning trading session as at 28-Oct-10
Contents: Fund: CIMB FTSE Xinhua China 25
IOPV per unit (RM): 1.0935
Units in circulation (units): 17,550,000.00
Management Fee (% p.a.): 0.60
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.04
FTSE/Xinhua China 25 Index: 19,854.07
BSTEAD - General Announcement
Announcement Type: General Announcement
Company Name: BOUSTEAD HOLDINGS BERHAD
Stock Name: BSTEAD
Date Announced: 28/10/2010
Announcement Detail:
Type: Announcement
Subject: Notification from Principal Officer of Boustead Holdings Berhad ("Company") pursuant to Paragraph 14.08(b) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad
Contents: The Company has received notification dated 28 October 2010 from the following Principal Officer of the Company of his intention to deal in securities of the Company during closed period. His interest in securities of the Company is as set out in Table 1 hereunder.
Company Name: BOUSTEAD HOLDINGS BERHAD
Stock Name: BSTEAD
Date Announced: 28/10/2010
Announcement Detail:
Type: Announcement
Subject: Notification from Principal Officer of Boustead Holdings Berhad ("Company") pursuant to Paragraph 14.08(b) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad
Contents: The Company has received notification dated 28 October 2010 from the following Principal Officer of the Company of his intention to deal in securities of the Company during closed period. His interest in securities of the Company is as set out in Table 1 hereunder.
IBRACO - General Announcement
Announcement Type: General Announcement
Company Name: IBRACO BERHAD
Stock Name: IBRACO
Date Announced: 28/10/2010
Announcement Detail:
Type: Announcement
Subject: Notification of dealings outside closed periods - Chapter 14.09 of the Listing Requirements of Bursa Malaysia Securities Berhad
Contents: Please refer to Announcement Details below.
Company Name: IBRACO BERHAD
Stock Name: IBRACO
Date Announced: 28/10/2010
Announcement Detail:
Type: Announcement
Subject: Notification of dealings outside closed periods - Chapter 14.09 of the Listing Requirements of Bursa Malaysia Securities Berhad
Contents: Please refer to Announcement Details below.
ALAM - Change in Audit Committee (Amended Announcement)
Announcement Type: Change in Audit Committee
Company Name: ALAM MARITIM RESOURCES BERHAD
Stock Name: ALAM
Date Announced: 28/10/2010
Announcement Detail:
Date of change: 22/10/2010
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: Puan Fina Norhizah binti Hj Baharu Zaman
Age: 53
Nationality: Malaysian
Qualifications: ACADEMIC QUALIFICATIONS
i. LLB (Honours) University of Malaya (1980)
ii. LLM London School of Economics, University of London (1985)
iii. Diploma in Syariah Law & Practice, International Islamic University (1989)
PROFESSIONAL QUALIFICATIONS
i. Advocate & Solicitor (Malaya) (1986)
ii. Licenced Company Secretary (from 1992-2008)
Working experience and occupation: 1990 - 2007
Joined PETRONAS in 1990 and served the PETRONAS Legal Department in several capacities including heading the legal unit of the Logistics and Maritime Business PETRONAS and heading the Legal and Corporate Secretarial Affairs Division of MISC.
Positions held in PETRONAS
2004 -2007
Senior General Manager, Legal and Corporate Secretarial Affairs Division, MISC Bhd and Head, Logistics and Maritime Business Petronas
2000 - 2004
General Manager, Legal and Corporate Secretarial Affairs Division, MISC Bhd cum General Manager, Logistics and Maritime Business Petronas
1998 - 2000
General Manager, Maritime, Petronas
1994 - 1997
Senior Manager, Petronas Tankers Sdn. Bhd.
1991 - 1994
Manager, Petronas Tankers Sdn. Bhd.
1990 - 1991
Head, Legal & Admin Department, Petronas HQ
1985 - 1989
Lecturer in the Faculty of Law at the International Islamic University.
1980 - 1984
Assistant Parliamentary Draftsman in the Drafting Division of Malaysian Attorney General's Chamber and Senior Federal Counsel cum Legal Advisor to the Ministry of Transport providing legal advice to the Ministry's Land, Aviation and Maritime Department as well as other affiliated agencies to the Ministry such as the Department of Civil Aviation (DCA), the Marine Department and KTM.
Directorship of public companies (if any): Nil
Family relationship with any director and/or major shareholder of the listed issuer: Nil
Any conflict of interests that he/she has with the listed issuer: Nil
Details of any interest in the securities of the listed issuer or its subsidiaries: Nil
Composition of Audit Committee (Name and Directorate of members after change): Chairman - Y Bhg Dato' Hj Ab Wahab bin Hj Ibrahim
Member 1 - Y Bhg Dato' Capt Ahmad Sufian @ Qurnain bin Abdul Rashid
Member 2 - Puan FinaNorhizah binti Hj Baharu Zaman
Remarks: Correction is made on the effective date of appointment.
Company Name: ALAM MARITIM RESOURCES BERHAD
Stock Name: ALAM
Date Announced: 28/10/2010
Announcement Detail:
Date of change: 22/10/2010
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: Puan Fina Norhizah binti Hj Baharu Zaman
Age: 53
Nationality: Malaysian
Qualifications: ACADEMIC QUALIFICATIONS
i. LLB (Honours) University of Malaya (1980)
ii. LLM London School of Economics, University of London (1985)
iii. Diploma in Syariah Law & Practice, International Islamic University (1989)
PROFESSIONAL QUALIFICATIONS
i. Advocate & Solicitor (Malaya) (1986)
ii. Licenced Company Secretary (from 1992-2008)
Working experience and occupation: 1990 - 2007
Joined PETRONAS in 1990 and served the PETRONAS Legal Department in several capacities including heading the legal unit of the Logistics and Maritime Business PETRONAS and heading the Legal and Corporate Secretarial Affairs Division of MISC.
Positions held in PETRONAS
2004 -2007
Senior General Manager, Legal and Corporate Secretarial Affairs Division, MISC Bhd and Head, Logistics and Maritime Business Petronas
2000 - 2004
General Manager, Legal and Corporate Secretarial Affairs Division, MISC Bhd cum General Manager, Logistics and Maritime Business Petronas
1998 - 2000
General Manager, Maritime, Petronas
1994 - 1997
Senior Manager, Petronas Tankers Sdn. Bhd.
1991 - 1994
Manager, Petronas Tankers Sdn. Bhd.
1990 - 1991
Head, Legal & Admin Department, Petronas HQ
1985 - 1989
Lecturer in the Faculty of Law at the International Islamic University.
1980 - 1984
Assistant Parliamentary Draftsman in the Drafting Division of Malaysian Attorney General's Chamber and Senior Federal Counsel cum Legal Advisor to the Ministry of Transport providing legal advice to the Ministry's Land, Aviation and Maritime Department as well as other affiliated agencies to the Ministry such as the Department of Civil Aviation (DCA), the Marine Department and KTM.
Directorship of public companies (if any): Nil
Family relationship with any director and/or major shareholder of the listed issuer: Nil
Any conflict of interests that he/she has with the listed issuer: Nil
Details of any interest in the securities of the listed issuer or its subsidiaries: Nil
Composition of Audit Committee (Name and Directorate of members after change): Chairman - Y Bhg Dato' Hj Ab Wahab bin Hj Ibrahim
Member 1 - Y Bhg Dato' Capt Ahmad Sufian @ Qurnain bin Abdul Rashid
Member 2 - Puan FinaNorhizah binti Hj Baharu Zaman
Remarks: Correction is made on the effective date of appointment.
ALAM - Change in Boardroom (Amended Announcement)
Announcement Type: Change in Boardroom
Company Name: ALAM MARITIM RESOURCES BERHAD
Stock Name: ALAM
Date Announced: 28/10/2010
Announcement Detail:
Date of change: 22/10/2010
Type of change: Appointment
Designation: Non-Executive Director
Directorate: Independent & Non Executive
Name: Puan Fina Norhizah binti Hj Baharu Zaman
Age: 53
Nationality: Malaysian
Qualifications: ACADEMIC QUALIFICATIONS
i. LLB (Honours) University of Malaya (1980)
ii. LLM London School of Economics, University of London (1985)
iii. Diploma in Syariah Law & Practice, International Islamic University (1989)
PROFESSIONAL QUALIFICATIONS
i. Advocate & Solicitor (Malaya) (1986)
ii. Licenced Company Secretary (from 1992-2008)
Working experience and occupation: 1990 - 2007
Joined PETRONAS in 1990 and served the PETRONAS Legal Department in several capacities including heading the legal unit of the Logistics and Maritime Business PETRONAS and heading the Legal and Corporate Secretarial Affairs Division of MISC.
Positions held in PETRONAS
2004 -2007
Senior General Manager, Legal and Corporate Secretarial Affairs Division, MISC Bhd and Head, Logistics and Maritime Business Petronas
2000 - 2004
General Manager, Legal and Corporate Secretarial Affairs Division, MISC Bhd cum General Manager, Logistics and Maritime Business Petronas
1998 - 2000
General Manager, Maritime, Petronas
1994 - 1997
Senior Manager, Petronas Tankers Sdn. Bhd.
1991 - 1994
Manager, Petronas Tankers Sdn. Bhd.
1990 - 1991
Head, Legal & Admin Department, Petronas HQ
1985 - 1989
Lecturer in the Faculty of Law at the International Islamic University.
1980 - 1984
Assistant Parliamentary Draftsman in the Drafting Division of Malaysian Attorney General's Chamber and Senior Federal Counsel cum Legal Advisor to the Ministry of Transport providing legal advice to the Ministry's Land, Aviation and Maritime Department as well as other affiliated agencies to the Ministry such as the Department of Civil Aviation (DCA), the Marine Department and KTM.
Directorship of public companies (if any): Nil
Family relationship with any director and/or major shareholder of the listed issuer: Nil
Any conflict of interests that he/she has with the listed issuer: Nil
Details of any interest in the securities of the listed issuer or its subsidiaries: Nil
Remarks: Correction is made on the effective date of appointment.
Company Name: ALAM MARITIM RESOURCES BERHAD
Stock Name: ALAM
Date Announced: 28/10/2010
Announcement Detail:
Date of change: 22/10/2010
Type of change: Appointment
Designation: Non-Executive Director
Directorate: Independent & Non Executive
Name: Puan Fina Norhizah binti Hj Baharu Zaman
Age: 53
Nationality: Malaysian
Qualifications: ACADEMIC QUALIFICATIONS
i. LLB (Honours) University of Malaya (1980)
ii. LLM London School of Economics, University of London (1985)
iii. Diploma in Syariah Law & Practice, International Islamic University (1989)
PROFESSIONAL QUALIFICATIONS
i. Advocate & Solicitor (Malaya) (1986)
ii. Licenced Company Secretary (from 1992-2008)
Working experience and occupation: 1990 - 2007
Joined PETRONAS in 1990 and served the PETRONAS Legal Department in several capacities including heading the legal unit of the Logistics and Maritime Business PETRONAS and heading the Legal and Corporate Secretarial Affairs Division of MISC.
Positions held in PETRONAS
2004 -2007
Senior General Manager, Legal and Corporate Secretarial Affairs Division, MISC Bhd and Head, Logistics and Maritime Business Petronas
2000 - 2004
General Manager, Legal and Corporate Secretarial Affairs Division, MISC Bhd cum General Manager, Logistics and Maritime Business Petronas
1998 - 2000
General Manager, Maritime, Petronas
1994 - 1997
Senior Manager, Petronas Tankers Sdn. Bhd.
1991 - 1994
Manager, Petronas Tankers Sdn. Bhd.
1990 - 1991
Head, Legal & Admin Department, Petronas HQ
1985 - 1989
Lecturer in the Faculty of Law at the International Islamic University.
1980 - 1984
Assistant Parliamentary Draftsman in the Drafting Division of Malaysian Attorney General's Chamber and Senior Federal Counsel cum Legal Advisor to the Ministry of Transport providing legal advice to the Ministry's Land, Aviation and Maritime Department as well as other affiliated agencies to the Ministry such as the Department of Civil Aviation (DCA), the Marine Department and KTM.
Directorship of public companies (if any): Nil
Family relationship with any director and/or major shareholder of the listed issuer: Nil
Any conflict of interests that he/she has with the listed issuer: Nil
Details of any interest in the securities of the listed issuer or its subsidiaries: Nil
Remarks: Correction is made on the effective date of appointment.
PPEDANA - General Announcement
Announcement Type: General Announcement
Company Name: PUTRAJAYA PERDANA BERHAD
Stock Name: PPEDANA
Date Announced: 28/10/2010
Announcement Detail:
Type: Announcement
Subject: Putrajaya Perdana Berhad ("PPB" or the "Company")
- Unconditional Take-over Offer by Javace Sdn Bhd ("JSB" or the "Offeror") and Sheikh Tarek Essam Ahmad Obaid ("TO" or the "Ultimate Offeror") through AmInvestment Bank Berhad to acquire all the remaining ordinary shares of RM0.50 each in PPB including all new PPB shares that may be allotted and issued pursuant to the exercise of outstanding options under PPB's Employees' Share Option Scheme which are not already owned by JSB and parties acting in concert with JSB ("Offer Shares") for a cash offer price of RM4.85 per Offer Share ("Offer")
-Level of Acceptances
Contents: We refer to the announcements dated 29 September, 12 October and 20 October 2010 in relation to the Offer.
PPB wishes to announce that it has been informed by AmInvestment Bank Berhad on behalf of the Offeror that following acceptances of the Offer, as at 5.00 p.m. on 27 October 2010, the Offeror has received valid acceptances under the Offer resulting JSB and parties acting in concert with JSB holding 126,753,528 ordinary shares of RM0.50 each in PPB ("PPB Shares") representing 90.52% of the issued and paid-up share capital of the Company, details as set out in Table A below.
With reference to the Company's recent announcement on 21 October 2010, Bursa Malaysia Securities Berhad ("Bursa Securities") has, via its letter dated 20 October 2010, granted the Company a further extension of time of 3 months from 11 October 2010 until 10 January 2011 to comply with the public shareholding spread requirement pursuant to Paragraph 8.02(1) of the Main Market Listing Requirements of Bursa Securities ("Listing Requirements").
Notwithstanding the said extension of time and as set out in the Offer Document dated 20 October 2010 in relation to the Offer, JSB does not intend to maintain the listing status of PPB in the event it holds 90% or more of the issued and paid up share capital of the Company.
Premised on the above, the shares of the Company will be suspended from trading upon the expiry of five (5) market days from the date of this announcement, i.e. on 8 November 2010, and JSB will procure PPB to take the necessary procedures to withdraw its listing status from the Official List of Bursa Securities in accordance with the Listing Requirements.
This announcement is dated 28 October 2010.
Company Name: PUTRAJAYA PERDANA BERHAD
Stock Name: PPEDANA
Date Announced: 28/10/2010
Announcement Detail:
Type: Announcement
Subject: Putrajaya Perdana Berhad ("PPB" or the "Company")
- Unconditional Take-over Offer by Javace Sdn Bhd ("JSB" or the "Offeror") and Sheikh Tarek Essam Ahmad Obaid ("TO" or the "Ultimate Offeror") through AmInvestment Bank Berhad to acquire all the remaining ordinary shares of RM0.50 each in PPB including all new PPB shares that may be allotted and issued pursuant to the exercise of outstanding options under PPB's Employees' Share Option Scheme which are not already owned by JSB and parties acting in concert with JSB ("Offer Shares") for a cash offer price of RM4.85 per Offer Share ("Offer")
-Level of Acceptances
Contents: We refer to the announcements dated 29 September, 12 October and 20 October 2010 in relation to the Offer.
PPB wishes to announce that it has been informed by AmInvestment Bank Berhad on behalf of the Offeror that following acceptances of the Offer, as at 5.00 p.m. on 27 October 2010, the Offeror has received valid acceptances under the Offer resulting JSB and parties acting in concert with JSB holding 126,753,528 ordinary shares of RM0.50 each in PPB ("PPB Shares") representing 90.52% of the issued and paid-up share capital of the Company, details as set out in Table A below.
With reference to the Company's recent announcement on 21 October 2010, Bursa Malaysia Securities Berhad ("Bursa Securities") has, via its letter dated 20 October 2010, granted the Company a further extension of time of 3 months from 11 October 2010 until 10 January 2011 to comply with the public shareholding spread requirement pursuant to Paragraph 8.02(1) of the Main Market Listing Requirements of Bursa Securities ("Listing Requirements").
Notwithstanding the said extension of time and as set out in the Offer Document dated 20 October 2010 in relation to the Offer, JSB does not intend to maintain the listing status of PPB in the event it holds 90% or more of the issued and paid up share capital of the Company.
Premised on the above, the shares of the Company will be suspended from trading upon the expiry of five (5) market days from the date of this announcement, i.e. on 8 November 2010, and JSB will procure PPB to take the necessary procedures to withdraw its listing status from the Official List of Bursa Securities in accordance with the Listing Requirements.
This announcement is dated 28 October 2010.
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