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MULTIPLE PROPOSALS PESONA METRO HOLDINGS BERHAD ("PMHB" OR THE "COMPANY") (I) ACQUISITION OF THE ENTIRE EQUITY INTEREST IN SEP RESOURCES (M) SDN BHD (SEP) FOR A PURCHASE CONSIDERATION OF RM29,150,000 ("ACQUISITION OF SEP"); AND (II) VARIATION VIA THE SUPPLEMENTAL AGREEMENT DATED 9 AUGUST 2016 TO ADD ON, AMEND AND VARY CERTAIN TERMS AND CONDITIONS OF THE SHARE SALE AGREEMENT ("SSA") DATED 29 AUGUST 2014 IN RELATION TO THE ACQUISITION OF SEP ("SSA VARIATION") (COLLECTIVELY, "CORPORATE EXERCISES")

PESONA METRO HOLDINGS BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
PESONA METRO HOLDINGS BERHAD ("PMHB" OR THE "COMPANY")

(I)	ACQUISITION OF THE ENTIRE EQUITY INTEREST IN SEP RESOURCES (M) SDN BHD (SEP) FOR A PURCHASE CONSIDERATION OF RM29,150,000 ("ACQUISITION OF SEP"); AND

(II)	VARIATION VIA THE SUPPLEMENTAL AGREEMENT DATED 9 AUGUST 2016 TO ADD ON, AMEND AND VARY CERTAIN TERMS AND CONDITIONS OF THE SHARE SALE AGREEMENT ("SSA") DATED 29 AUGUST 2014 IN RELATION TO THE ACQUISITION OF SEP ("SSA VARIATION")

(COLLECTIVELY, "CORPORATE EXERCISES")

We refer to the announcements dated 26 May 2016, 9 August 2016, 25 August 2016, 24 October 2016, 10 November 2016, 30 November 2016, 6 April 2017, 14 April 2017, 5 October 2017 and 6 October 2017 in relation to the Corporate Exercises (“Announcements”), the circulars to shareholders of PMHB dated 15 December 2014 and 10 November 2016. Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

On behalf of the Board, TA Securities wishes to announce that Bursa Securities has, vide its letter dated 19 October 2017 (which was received on 20 October 2017), resolved to grant PMHB an extension of time until 30 March 2018 for PMHB to complete the Acquisition of SEP.

 

This announcement is dated 20 October 2017.






Announcement Info

Company Name PESONA METRO HOLDINGS BERHAD
Stock Name PESONA
Date Announced 20 Oct 2017
Category General Announcement for PLC
Reference Number GA1-20102017-00048




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