07:00 Fri 31 Oct 2014
Asian Plant. Ltd - Offer Update: Compulsory Acquisition of Shares
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Offer Update: Compulsory Acquisition of Shares
As announced on
For further information, please contact:
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Tel: +65 6325 0970
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James Spinney
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Tel: +44 (0) 20 7409 3494
Tel: +65 9670 7921 |
Macquarie Capital (
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Tel: +44 (0) 203 037 2000
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Panmure Gordon (
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Tel: +44 (0) 20 7886 2500 Tel: +65 6824 8204
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ANNOUNCEMENT
by
MERRILL LYNCH (
(Incorporated in
(Company Registration No.: 198602883D)
for and on behalf of
Felda Global Ventures Holdings Berhad
(Incorporated in
(Company Registration No.: 800165-P)
COMPULSORY ACQUISITION OF SHARES IN ASIAN PLANTATIONS LIMITED
1. INTRODUCTION
1.1 Merrill Lynch (
(a) the offer document dated 12 September 2014 (the "Offer Document") despatched by Merrill Lynch, for and on behalf of Felda Global Ventures Holdings Berhad (the "Offeror"), in relation to the voluntary conditional cash offer (the "Offer") made by the Offeror for all the ordinary shares (excluding treasury shares) ("Shares") in issue in the capital of
(b) the announcement made by Merrill Lynch for and on behalf of the Offeror on
1.2 All terms and references used and not defined herein shall have the same meanings given to them in the Offer Document, unless otherwise expressly stated or the context otherwise requires.
2. DESPATCH OF DOCUMENTS RELATING TO THE COMPULSORY ACQUISITION
2.1 Merrill Lynch wishes to announce, for and on behalf of the Offeror, that the Offeror has today despatched to the Dissenting Shareholders the following documents:
(a) a letter ("CA Letter") with regard to, inter alia, the Offeror's exercise of its right of compulsory acquisition pursuant to Section 215(1) of the Companies Act and the right of such Dissenting Shareholders under Section 215(3) of the Companies Act to require the Offeror to acquire the Shares held by them; and
(b) a Notice to Dissenting Shareholder ("Form 57") and a Notice to Non-Assenting Shareholder ("Form 58") in the forms prescribed under the Companies Act in relation to Sections 215(1) and 215(3) of the Companies Act, respectively.
Copies of the CA Letter, Form 57 and Form 58 are available on the website of the Company at www.asianplantations.com.
2.2 Further details in respect of the exercise of the Offeror's right of compulsory acquisition pursuant to Section 215(1) of the Companies Act (including details on the transfer of the Shares that the Offeror is acquiring from the Dissenting Shareholders and the payment of the consideration for such Shares) and the right of the Dissenting Shareholders under Section 215(3) of the Companies Act to require the Offeror to acquire the Shares held by them are set out in the CA Letter, Form 57 and Form 58 (as the case may be).
Issued by
MERRILL LYNCH (
For and on behalf of
Felda Global Ventures Holdings Berhad
Any enquiries relating to this Announcement should be directed, during normal business hours, to Merrill Lynch (
Forward-Looking Statements
All statements other than statements of historical facts included in this Announcement are or may be forward-looking statements. Forward-looking statements include but are not limited to those using words such as "seek", "expect", "anticipate", "estimate", "believe", "intend", "project", "plan", "potential", "strategy", "forecast" and similar expressions or future or conditional verbs such as "will", "would", "should", "could", "may" and "might". These statements reflect the current expectations, beliefs, hopes, intentions or strategies of the party making the statements regarding the future and assumptions in light of currently available information. Such forward-looking statements are not guarantees of future performance or events and involve known and unknown risks and uncertainties. Accordingly, actual results or outcomes may differ materially from those described in such forward-looking statements. Shareholders and investors should not place undue reliance on such forward-looking statements, and neither the Offeror nor Merrill Lynch undertakes any obligation to update publicly or revise any forward-looking statements.
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