8664 SPSETIA SP SETIA BHD
TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS) (Amended)
S P SETIA BERHAD (S P SETIA OR COMPANY)
CONDITIONAL TAKE-OVER OFFER BY MAYBANK INVESTMENT BANK BERHAD (MAYBANK IB) ON
BEHALF OF PERMODALAN NASIONAL BERHAD (PNB OR OFFEROR) TO ACQUIRE:
(I) ALL THE REMAINING ORDINARY SHARES OF RM0.75 EACH IN S P SETIA BERHAD (S P
SETIA) (S P SETIA SHARES) NOT ALREADY OWNED BY THE OFFEROR AND THE PERSON
ACTING IN CONCERT WITH IT (PAC);
(II) ALL THE OUTSTANDING WARRANTS 2008/2013 ISSUED BY S P SETIA (WARRANTS) NOT
ALREADY OWNED BY THE OFFEROR AND THE PAC (OFFER WARRANTS);
(III) ALL THE NEW S P SETIA SHARES THAT MAY BE ISSUED PRIOR TO THE CLOSING OF
THE OFFER (AS DEFINED HEREIN) ARISING FROM THE EXERCISE OF THE OUTSTANDING
OPTIONS GRANTED PURSUANT TO S P SETIAS EMPLOYEES SHARE OPTION SCHEME; AND
(IV) ALL THE NEW S P SETIA SHARES THAT MAY BE ISSUED PRIOR TO THE CLOSING OF
THE OFFER (AS DEFINED HEREIN) ARISING FROM THE EXERCISE OF THE OUTSTANDING
WARRANTS,
FOR A CASH OFFER PRICE OF RM3.90 PER S P SETIA SHARE AND RM0.91 PER OFFER
WARRANT RESPECTIVELY (TO BE REFERRED AS OFFER)
You are advised to read the full contents of the announcement or attachment at
bursa
05/12/2011 12:43 PM
Ref Code: 20111205GA00011
UN FAIR TAKE OVER!!!! seriously, what wrong with Malaysia?
THE MORAL OF THE STORY, IF YOUR BUSINESS IS GOOD AND GROWING IN MALAYSIA, SOMEONE WILL TAKE OVER BY FORCE..
DO U THINK IS FAIR?!
