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MULTIPLE PROPOSALS (I) PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN SEP RESOURCES (M) SDN BHD (SEP) FOR A PURCHASE CONSIDERATION OF RM29,150,000 ("PROPOSED ACQUISITION OF SEP"); AND (II) PROPOSED VARIATION VIA THE SUPPLEMENTAL AGREEMENT DATED 9 AUGUST 2016 TO ADD ON, AMEND AND VARY CERTAIN TERMS AND CONDITIONS OF THE SHARE SALE AGREEMENT DATED 29 AUGUST 2014 IN RELATION TO THE PROPOSED ACQUISITION OF SEP ("PROPOSED VARIATION") (COLLECTIVELY REFERRED TO AS "PROPOSALS")

PESONA METRO HOLDINGS BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description 
(I)	PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN SEP RESOURCES (M) SDN BHD (SEP) FOR A PURCHASE CONSIDERATION OF RM29,150,000 ("PROPOSED ACQUISITION OF SEP"); AND

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

(COLLECTIVELY REFERRED TO AS "PROPOSALS")

We refer to the announcements dated 26 May 2016, 9 August 2016 and 25 August 2016 in relation to the Proposed Acquisition of SEP (“Announcements”) and the circular to shareholders of PMHB dated 15 December 2014. Unless otherwise defined, the definitions set out in the Announcement shall apply herein.

 

On behalf of the Board, TA Securities wishes to announce that Bursa Securities has, vide its letter dated 21 October 2016 (which was received in the late evening of Friday, 21 October 2016), approved the listing and quotation of up to 39,500,000 new PMHB Shares to be issued pursuant to the Proposed Acquisition of SEP.

 

The approval by Bursa Securities for the said proposed share issuance is subject to the following conditions:

(i) PMHB and TA Securities must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the proposed share issuance;

(ii) PMHB and TA Securities to inform Bursa Securities upon the completion of the proposed share issuance; and

(iii) PMHB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the proposed share issuance is completed.

 

This announcement is dated 24 October 2016.



Announcement Info

Company Name PESONA METRO HOLDINGS BERHAD
Stock Name PESONA
Date Announced 24 Oct 2016
Category General Announcement for PLC
Reference Number GA1-24102016-00007




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