Voluntary Take-over offer By Maybank Investment Bank Berhad (Formerly Known As Aseambankers Malaysia Berhad) ("Maybank IB") On Behalf of ASB to Acquire All the Remaining Ordinary Shares of RM1.00 Each in Advance Synergy Capital Berhad ("ASCAP Shares") At A Cash Offer Price of RM0.60 Per ASCAP Share Pursuant To the De-listing of Advance Synergy Capital Berhad ("ASCAP") From the Official List of bursa Malaysia securities Berhad ("Bursa Securities") In Accordance With Paragraph 16.04 of The Listing Requirements Of Bursa Securities ("Exit Offer")
VOLUNTARY TAKE-OVER OFFER BY MAYBANK INVESTMENT BANK BERHAD (FORMERLY KNOWN AS ASEAMBANKERS MALAYSIA BERHAD) ("MAYBANK IB") ON BEHALF OF ASB TO ACQUIRE ALL THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN ADVANCE SYNERGY CAPITAL BERHAD ("ASCAP SHARES") AT A CASH OFFER PRICE OF RM0.60 PER ASCAP SHARE PURSUANT TO THE DE-LISTING OF ADVANCE SYNERGY CAPITAL BERHAD ("ASCAP") FROM THE OFFICIAL LIST OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") IN ACCORDANCE WITH PARAGRAPH 16.04 OF THE LISTING REQUIREMENTS OF BURSA SECURITIES ("EXIT OFFER")
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Reference is made to our announcement dated 20 April 2009.
Pursuant to Section 34A(2) of the Securities Commission Act 1993 ("SCA"), ASB had, on 20 April 2009, despatched notice in the manner prescribed under the Malaysian Code on Take-overs and Mergers 1998 ("Notice") to inform the holders of ASCAP Shares who have not accepted the Exit Offer of their rights under Section 34A of the SCA that they can elect to serve notice on ASB within three (3) months from 20 April 2009, to require ASB to acquire their ASCAP Shares at RM0.60 per ASCAP Share and on the same terms and conditions as set out in the offer document dated 12 March 2009 or such other terms as may be agreed or as the High Court, on application by the holder of ASCAP Shares or by ASB, thinks fit to order.
On behalf of the Board of Directors of ASB, Maybank IB wishes to announce that the period for the exercise of such rights has expired at 5.00 p.m. today. As at 5.00 p.m. on 20 July 2009, ASB holds 132,531,110 ASCAP Shares (including transfers of ASCAP Shares which are subject to verification) representing 93.37% of the total issued and paid-up share capital of ASCAP (excluding ASCAP Shares held as treasury shares), details of which are set out in Table 1.
This announcement is dated 20 July 2009.
Announcement Details :
Table 1 - The number of ASCAP Shares held by ASB
No. of ASCAP Shares held
% of issued and paid-up share capital of ASCAP(1)
ASCAP Shares held by ASB:
as at the date of despatch of the Notice on 20 April 2009
130,100,260
91.66
as at 5.00 p.m. on 20 July 2009
132,531,110 (2)
93.37
Notes:
(1)Based on the issued and paid-up share capital of ASCAP after excluding 14,916,535 ASCAP Shares held as treasury shares.
(2)Including transfers of 122,760 ASCAP Shares which are subject to verification
