We refer to the Company’s announcements dated 18 June 2021 and 22 September 2021 wherein the Board of Directors of the Company had announced that it proposed to undertake amongst others, the acquisition of a hydro asset (“Proposed Acquisitions”). As a result of the Proposed Acquisitions, the collective shareholdings of the Offeror and its parties acting in concert will increase from below 33% to above 50%. Thus, in accordance with Paragraph 4.01(a) of the Rules, the Offeror and its parties acting in concert are obliged to undertake the Offer.
Pursuant to Paragraph 19.04 of the Rules, I wish to inform I am the Chief Executive Officer/Director of the Company and have indirectly dealt in JSB Warrants of which the details are as follows:
|
Name/Designation
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Nature of transaction
|
Date
|
Quantity
|
Average price
|
Amount
|
|
RM
|
RM
|
|
Jeefri Muhamad Yusup Chief Executive Officer
|
JSB Warrants Open Market Acquisition via child, Muhammad Imran bin Jeefri
|
29.08.2022
|
550,000
|
0.21543
|
118,484.00
|
This announcement is dated 29 August 2022.