GHLSYS

1.080

(%)

OTHERS GHL Systems Berhad ("GHL" or the "Offeree") Unconditional mandatory take-over offer by NTT DATA Japan Corporation ("Offeror") through CIMB Investment Bank Berhad to acquire all the remaining ordinary shares in GHL not already held by the Offeror ("Offer Shares") for a cash consideration of RM1.08 per Offer Share ("Offer")

GHL SYSTEMS BERHAD

Type Announcement
Subject OTHERS
Description
GHL Systems Berhad ("GHL" or the "Offeree")

Unconditional mandatory take-over offer by NTT DATA Japan Corporation ("Offeror") through CIMB Investment Bank Berhad to acquire all the remaining ordinary shares in GHL not already held by the Offeror ("Offer Shares") for a cash consideration of RM1.08 per Offer Share ("Offer")

Unless otherwise stated, all abbreviations used herein shall have the same meaning as defined in the offer document in relation to the Offer dated 18 June 2024 (“Offer Document”).

Reference is made to the Offer Document which sets out the details and the terms and conditions of the Offer, and the announcements dated 4 July 2024, 5 July 2024 and 9 July 2024 relating to the Offer.

The Board of Directors of GHL wishes to announce that GHL has on 23 July 2024, received the press notice from CIMB, on behalf of the Offeror (“Press Notice”), informing that the Offer has closed at 5:00 p.m. (Malaysian time) on Tuesday, 23 July 2024, being the extended closing date of the Offer (“Extended Closing Date”).

As announced on 4 July 2024, the Offeror holds 90% or more of the Shares as a result of the Offer. The Offeror does not intend to maintain the listing status of GHL on the Main Market of Bursa Securities. In view of this, Bursa Securities will suspend the trading of the Shares upon the expiry of 5 Market Days from the Extended Closing Date. The Offeror will procure GHL to take the requisite steps to withdraw its listing status from the Official List in accordance with Paragraph 16.07 of the Listing Requirements.

On 9 July 2024, it was also announced that the Offeror has received valid acceptances of not less than nine-tenths (9/10) in the nominal value of the Offer Shares (excluding Shares already held by the Offeror and the PACs as at the date of the Offer). As such, the Offeror is entitled to, and will, invoke the provisions of subsection 222(1) of the CMSA to compulsorily acquire any remaining Offer Shares from the Dissenting Holders. Accordingly, the Offeror will issue a compulsory acquisition notice under subsection 222(1) of the CMSA which will be despatched to all Dissenting Holders within 2 months from 9 July 2024. All the Offer Shares that are compulsorily acquired will, subject to subsection 224(1) of the CMSA, be acquired on the same terms as set out in the Offer Document and in accordance with subsection 222(1) of the CMSA.

The level of acceptances of the Offer as at 5:00 p.m. (Malaysian time) on Tuesday, 23 July 2024 is set out in the Press Notice.

Please refer to the attached Press Notice for further details.

This announcement is dated 23 July 2024.




Please refer attachment below.



Announcement Info

Company Name GHL SYSTEMS BERHAD
Stock Name GHLSYS
Date Announced 23 Jul 2024
Category General Announcement for PLC
Reference Number GA1-22072024-00007