Submitting Merchant Bank
:
RHB INVESTMENT BANK BERHAD
Company Name
:
IOI CORPORATION BERHAD
Stock Name
:
IOICORP  
Date Announced
:
21/11/2013


Type
:
Announcement
Subject
:
TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)

Description
:
IOI CORPORATION BERHAD ("IOI CORP")

UNCONDITIONAL TAKE-OVER OFFER BY IOI PLANTATION SDN BHD ("IOI PLANTATION" OR THE "OFFEROR"), A WHOLLY-OWNED SUBSIDIARY OF IOI CORP, TO ACQUIRE ALL THE REMAINING ORDINARY SHARES OF RM0.25 EACH IN UNICO-DESA PLANTATIONS BERHAD ("UNICO") ("UNICO SHARES") NOT ALREADY HELD BY THE OFFEROR ("OFFER SHARES") AT A CASH OFFER PRICE OF RM1.17 PER OFFER SHARE ("OFFER")

Attachments
:
Press Notice (21 Nov 2013).pdf

Announcement Details/Table Section :


We refer to the previous announcements made in relation to the Offer.

On behalf of IOI Plantation, RHB Investment Bank Berhad wishes to announce that,IOI Plantation had received valid acceptances for419,802,818 (48.98%)Offer Shares from the holders of the Offer Shares, resulting in IOI Plantation holding more than 90% of the voting shares of Unico (including those Unico Shares which were already acquired or held by IOI Plantation) as at 5.00 p.m. (Malaysian time) on 21 November 2013.

In accordance with Paragraph 16.02(3) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") ("Listing Requirements"), Bursa Securities will suspend the trading of Unico Shares upon the expiry of five (5) market days from the date of the announcement to be made by Unico, pursuant to Paragraph 9.19(48) of the Listing Requirements. The suspension will be effected from 9.00 a.m. (Malaysian time) on Friday, 29 November 2013.

As stated in the offer document dated 23 October 2013, in the event that Unico does not comply with the public shareholding spread requirement pursuant to paragraph 8.02(1) of the Listing Requirements, IOI Plantation does not intend to maintain the listing status of Unico on the Official List of Bursa Securities.

Accordingly,IOI Plantation will procure Unico to file an application with Bursa Securities to withdraw Unico's listing from the Official List of Bursa Securities pursuant to Paragraphs 16.07 and 16.08 of the Listing Requirements. Once Unico is delisted, shareholders who have not accepted the Offer ("Dissenting Shareholders") will hold unlisted Unico Shares.In such a situation, Dissenting Shareholders will not be able to realise their investments in Unico Shares through trading on Bursa Securities.

The Offer will remain open for acceptances until 5.00 p.m. (Malaysian time)on Monday, 25 November 2013.

The level of acceptances of the Offer as at 5.00 p.m. (Malaysian time) on 21 November 2013 is set out in the attached press notice ("Press Notice").

Please refer to the attached Press Notice for further details.

This announcement is dated 21 November 2013.
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