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Section Heading

Take-Overs & Mergers (Paragraph/Rule 9.19 (47A))

BackJan 20, 2025

 

Type Announcement
Subject TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
Description MALAYSIA AIRPORTS HOLDINGS BERHAD ("MAHB" OR THE "COMPANY") - CONDITIONAL VOLUNTARY TAKE-OVER OFFER BY GATEWAY DEVELOPMENT ALLIANCE SDN BHD ("GDA"), PANTAI PANORAMA SDN BHD ("PPSB"), KWASA AKTIF SDN BHD ("KASB") AND GIP AUREA PTE LTD ("GIP AUREA") (COLLECTIVELY, THE "JOINT OFFERORS") TO ACQUIRE, THROUGH GDA, ALL THE REMAINING ORDINARY SHARES IN MAHB NOT ALREADY HELD BY THE JOINT OFFERORS ("OFFER SHARES") FOR A CASH CONSIDERATION OF RM11.00 PER OFFER SHARE ("OFFER")

We refer to the offer document dated 6 December 2024 which contains the details of the Offer ("Offer Document"). Unless otherwise stated, the terms used herein shall have the same meaning as defined in the Offer Document.

We wish to announce that the Company had on 20 January 2025, received a press release from AmInvestment Bank, on behalf of the Joint Offerors, informing the Holders (including Holders who have accepted the Offer) that the Acceptance Condition for the Offer has been revised to the condition that:

The Joint Offerors having received, on or before the Closing Date, valid acceptances which will result in the Joint Offerors and the Joint Ultimate Offerors holding in aggregate (together with such Shares that are already acquired, held or entitled to be acquired or held) at least 85.00% of the total issued MAHB Shares ("Revision").

A notice of the Revision will be posted to the Holders on Monday, 20 January 2025.

Accordingly, the closing time and date for the acceptance of the Offer have been extended from 5:00 p.m. (Malaysian time) on Friday, 24 January 2025 to 5:00 p.m. (Malaysian time) on Tuesday, 4 February 2025 ("Extended Closing Date"), which is not less than 14 days from the date of posting the notice of the Revision.

Save for the Revision and the Extended Closing Date, all other details, terms and conditions of the Offer as set out in the Offer Document, including the Offer Price (i.e. RM11.00 per MAHB Share), remain unchanged.

In accordance with Paragraph 13.01 of the Rules, the level of acceptances of the Offer as at 5:00 p.m. (Malaysian time) on Friday, 17 January 2025 is set out in the attached press release.

 

This announcement is dated 20 January 2025.

Please refer attachment below.

 


Announcement Info

Company Name MALAYSIA AIRPORTS HOLDINGS BERHAD
Stock Name AIRPORT
Date Announced 20 Jan 2025
Category General Announcement for PLC
Reference Number GA1-20012025-00003

Attachments

  1. Press_Release_-_Revision_of_Acceptance_Condition_20_Jan_2025_20250120.pdf (Size: 1,922,029 bytes)