Aseana Properties Limited Result of Tender Offer and Total Voting Rights (4809T)
January 05 2017 - 11:22AM
UK Regulatory
TIDMASPL
RNS Number : 4809T
Aseana Properties Limited
05 January 2017
5 January 2017
Aseana Properties Limited
("Aseana" or the "Company")
Result of Tender Offer and Total Voting Rights
The Company today announces the result of the Tender Offer,
details of which were set out in the circular to Shareholders
published by the Company on 13 December 2016 (the "Circular").
The tender was fully taken up with a total of 13,334,000 Shares
validly tendered by Shareholders and accepted for purchase by N+1
Singer Capital Markets at the Tender Price for a total cost of
US$10,000,500 excluding expenses. This represents approximately
6.29 per cent. of the Company's current share capital. Tenders
received for surplus Shares will be met at the rate of 0.00041307
Shares for each surplus Share tendered over and above the Basic
Entitlement (rounded down to the nearest whole number of
Shares).
As set out in the Circular, N+1 Singer Capital Markets will
purchase the Shares validly tendered by Shareholders. Following the
purchase, as further set out in the Circular, the Company will buy
back such Shares from N+1 Singer Capital Markets. The Company
intends to hold all such repurchased Shares in treasury.
It is anticipated that consideration for the certificated Shares
purchased under the Tender Offer will be sent to Shareholders by 10
January 2017 in the form of a cheque. CREST account holders will
have their CREST accounts credited by 10 January 2017. Balancing
certificates will be issued and share certificates for
unsuccessfully tendered Shares will be sent to Shareholders by 10
January 2017.
Capitalised terms used in this announcement have the same
meaning as given to them in the Circular.
For the purposes of the Disclosure Guidance and Transparency
Rules, following completion of the Tender Offer the Company's total
issued share capital comprises 212,025,000 Shares of US$0.05 each,
with one voting right per Ordinary Share and 2 Management Shares of
US$0.05 each, with one voting right per Management Share. There are
13,334,000 Shares held in treasury. The total number of voting
rights in the Company is therefore 198,691,000.
The above figure of 198,691,000 Shares may be used by
Shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company, under the Disclosure
Guidance and Transparency Rules.
If you have any questions regarding the Tender Offer please
contact the Receiving Agent on 0370 707 4040 or +44 (0)370 707 4040
if calling from outside the UK. The helpline is open between 8.30
a.m. - 5.30 p.m. Monday to Friday excluding public holidays in
England and Wales. Calls may be recorded and randomly monitored for
security and training purposes.
For further information:
Aseana Properties Limited Tel: 603 6411 6388
Chan Chee Kian Email: cheekian.chan@ireka.com.my
N+1 Singer Tel: 020 7496 3000
James Maxwell / Liz Yong
(Corporate Finance)
Sam Greatrex (Sales)
Tavistock Tel: 020 7920 3150
Jeremy Carey / James Verstringhe Email: jcarey@tavistock.co.uk
Notes to Editors:
London-listed Aseana Properties Limited (LSE: ASPL) is a
property developer investing in Malaysia and Vietnam.
Ireka Development Management Sdn Bhd ("IDM") is the exclusive
Development Manager for Aseana. It is a wholly-owned subsidiary of
Ireka Corporation Berhad, a company listed on the Bursa Malaysia
since 1993, which has over 45 years of experience in construction
and property development. IDM is responsible for the day-to-day
management of Aseana's property portfolio and the introduction and
facilitation of new investment opportunities.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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