TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionBOUSTEAD HOLDINGS BERHAD (“BHB” OR “COMPANY” OR “VENDOR”)

PROPOSED DISPOSAL OF 66.41% STAKE HELD BY BHB IN THE UNIVERSITY OF NOTTINGHAM IN MALAYSIA SDN BHD (“UNIM”) TO UON HOLDING (MALAYSIA) SDN. BHD. (“PURCHASER”), A WHOLLY-OWNED SUBSIDIARY OF THE UNIVERSITY OF NOTTINGHAM (“UON”), FOR A CASH CONSIDERATION IN RINGGIT MALAYSIA (“RM”) EQUIVALENT TO BRITISH POUND STERLING (“£”) 23,500,000 (APPROXIMATELY RM137,423,300 AS AT THE LPD (DEFINED BELOW)) (“PROPOSED DISPOSAL”)

Reference is made to BHB’s announcement on 17 August 2021 and 15 November 2021 in relation to the Proposed Disposal (“Announcement”). Unless otherwise defined, the definitions set out in the Announcement shall apply herein.

 

The Board of Directors of BHB wishes to announce that on 15 February 2022, BHB and the Purchaser have mutually agreed to further extend the date by which the Conditions Precedent set out in the SSA are required to be fulfilled or obtained or waived in accordance to the terms and conditions of the SSA (“Cut-Off Date”) from 16 February 2022 to 16 August 2022.

 

Save and except for the mutual extension of the Cut-Off Date, all other terms and conditions of the SSA remain unchanged.

 

This announcement is dated 15 February 2022.

 


Announcement Info

Company NameBOUSTEAD HOLDINGS BERHAD
Stock NameBSTEAD
Date Announced15 Feb 2022
CategoryGeneral Announcement for PLC
Reference NumberGA1-15022022-00029