(I) PROPOSED PLACEMENT OF 60,000,000 NEW ORDINARY SHARES OF RM1.00 EACH IN BPHB, REPRESENTING FIFTEEN PERCENT (15%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF BPHB, TO EQUISAR ASSETS SDN BHD (“EQUISAR”), AN INDIRECT WHOLLY-OWNED SUBSIDIARY COMPANY OF THE STATE FINANCIAL SECRETARY, SARAWAK (INCORPORATION) (“SFSS”), A MAJOR SHAREHOLDER OF BPHB (“PROPOSED PLACEMENT”); AND
(II) PROPOSED EXEMPTION FOR SFSS AND PERSONS ACTING IN CONCERT WITH SFSS FROM THE OBLIGATION TO UNDERTAKE A MANDATORY OFFER FOR ALL REMAINING BPHB SHARES NOT ALREADY OWNED BY THEM AFTER COMPLETION OF THE PROPOSED PLACEMENT (“PROPOSED EXEMPTION”)
(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
(Unless otherwise defined, defined terms used in this announcement shall carry the same meanings as defined in the announcements dated 27 February 2013, 4 March 2013, 5 March 2013, 14 March 2013, 22 March 2013, 12 April 2013, 30 April 2013 and 2 May 2013 in relation to the Proposals (“Announcements”)
We refer to the Announcements in relation to the Proposals.
The Board is pleased to announce that shareholders of the Company have approved the Proposals by way of two (2) ordinary resolutions pertaining to the Proposed Placement and Proposed Exemption respectively at the EGM of the Company held on 17 May 2013.
The detailed results of the voting on the two (2) ordinary resolutions pertaining the Proposed Placement and Proposed Exemption respectively, which were conducted by way of poll, are listed in the file attached herein.
The application to the SC for the Proposed Exemption will be made in due course and an announcement pertaining to the same will be made accordingly.
This announcement is dated 17 May 2013.