PRDUREN - TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)
| Company Name | PERDUREN (M) BERHAD |
| Stock Name | PRDUREN |
| Date Announced | 8 Dec 2014 |
| Category | General Announcement |
| Reference No | PP-141208-61908 |
| Type | Announcement |
| Subject | TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS) |
| Description | RECEIPT OF NOTICE OF UNCONDITIONAL MANDATORY TAKE-OVER OFFER FROM DATO’ KAMALUDDIN BIN ABDULLAH AND DATO’ MAZLIN BIN MD JUNID (“JOINT OFFERORS”) THROUGH M&A SECURITIES SDN BHD (“M&A SECURITIES”) |
The Board of Directors of Perduren (M) Berhad (“Perduren”) (“Board”) wishes to announce that it has today received a notice of unconditional mandatory take-over offer (“Notice”) from the Joint Offerors through M&A Securities to acquire all the remaining ordinary shares of RM1.00 each in Perduren (excluding the treasury shares) (“Offer Shares”) not already held by the Joint Offerors and the persons acting in concert with the Joint Offerors for a cash offer price of RM1.60 per Offer Share (“Offer”).
In accordance with the Malaysian Code on Take-Overs and Mergers, 2010, the Board (save for Law Wai Cheong who has abstained from deliberating the Offer) has deliberated on the Offer and will not seek for an alternative offer. The Board will appoint an independent adviser to advise the non-interested directors and non-interested shareholders of Perduren on the fairness and reasonableness of the Offer in due course.
A copy of the Notice is attached and the same will be posted to the shareholders of Perduren within 7 days from the date of this announcement.
This announcement is dated 8 December 2014.
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