[YTL] Acquisitions on 11-Oct-2016

Stock
[YTL]: YTL CORPORATION BHD
Announcement Date
11-Oct-2016
Listing Date
12-Oct-2016
New Type/Class?
No
Type
Acquisitions
Details
UNCONDITIONAL SHARE EXCHANGE OFFER BY YTL CORPORATION BERHAD ("YTL CORP" OR "OFFEROR") TO ACQUIRE ALL THE REMAINING ORDINARY SHARES OF RM0.10 EACH (EXCLUDING TREASURY SHARES) IN YTL E-SOLUTIONS BERHAD ("YTL E-SOLUTIONS") NOT ALREADY HELD BY THE OFFEROR ("OFFER SHARES"), AT AN OFFER PRICE OF RM0.55 FOR EACH OFFER SHARE, WHICH SHALL BE SATISFIED THROUGH THE ISSUANCE OF NEW ORDINARY SHARES OF RM0.10 EACH IN YTL CORP AT AN ISSUE PRICE OF RM1.65 PER SHARE ("CONSIDERATION SHARES") BASED ON AN EXCHANGE RATIO OF APPROXIMATELY 0.333 CONSIDERATION SHARE FOR EACH OFFER SHARE TENDERED ("OFFER")
No. of shared issued
892,077
Issue Price
Malaysian Ringgit (MYR) 1.650
Par Value
Malaysian Ringgit (MYR) 0.100
Total NOSH
10,896,600,835
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