$RANHILL (5272.MY)$ Upon completion of the Acquisition, the ...
$RANHILL(5272.MY$
Upon completion of the Acquisition, the direct shareholding of SIPP Power (“Offeror”) in Ranhill will increase from 2.90% to approximately 34.32%. Collectively with YTLPI (“Ultimate Offeror”), their aggregate direct shareholding in Ranhill will increase from 21.77% to approximately 53.19%. Accordingly, pursuant to subsection 218(2) of the Capital Markets and Services Act 2007 and subparagraph 4.01(a) of the Rules on Take-overs, Mergers and Compulsory Acquisitions issued by the Securities Commission Malaysia (“Rules”), SIPP Power will be obliged to extend the MTO to acquire all the remaining Ranhill Shares not already owned by the Offeror, the Ultimate Offeror and persons acting in concert with them for a cash offer price of RM0.995 per Offer Share.
Upon completion of the Acquisition, the direct shareholding of SIPP Power (“Offeror”) in Ranhill will increase from 2.90% to approximately 34.32%. Collectively with YTLPI (“Ultimate Offeror”), their aggregate direct shareholding in Ranhill will increase from 21.77% to approximately 53.19%. Accordingly, pursuant to subsection 218(2) of the Capital Markets and Services Act 2007 and subparagraph 4.01(a) of the Rules on Take-overs, Mergers and Compulsory Acquisitions issued by the Securities Commission Malaysia (“Rules”), SIPP Power will be obliged to extend the MTO to acquire all the remaining Ranhill Shares not already owned by the Offeror, the Ultimate Offeror and persons acting in concert with them for a cash offer price of RM0.995 per Offer Share.
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