Investor Relations

Unless otherwise stated, all abbreviations used herein shall have the same meaning as defined in the offer document in relation to the Offer dated 1 December 2023 ("Offer Document").

We refer to the Offer Document, the press notice dated 20 December 2023 in relation to the extension of the closing date of the Offer up to 5 January 2024, the press notice dated 22 December 2023 in relation to the Offeror informing that it had achieved the requisite criteria to withdraw the listing status of BPlant from the Official List, as well as the press notice dated 3 January 2024 in relation to the Offeror informing that it did not intend to extend the closing date further.

We have, on 5 January 2024, received the press notice from UOBKH and Maybank IB, on behalf of the Offeror ("Press Notice"), informing the following:-

1. CLOSING DATE

The Offer has closed at 5.00 p.m. (Malaysian time) on Friday, 5 January 2024 ("Closing Date").

The level of acceptance of the Offer as at 5.00 p.m. (Malaysian time) on 5 January 2024 is set out in the Press Notice.

2. SUSPENSION AND DE-LISTING OF BPLANT

In accordance with subparagraph 16.02(3) of the Listing Requirements, as the Offeror and the PACs collectively hold more than 90.0% of the BPlant Shares and the Offeror does not intend to maintain the listing status of BPlant on the Main Market of Bursa Securities, Bursa Securities will suspend the trading of the BPlant Shares immediately upon the expiry of 5 market days from the Closing Date. In this regard, Bursa Securities will suspend the trading of BPlant Shares commencing from Monday, 15 January 2024, being the expiry of 5 market days from the Closing Date.

Thereafter, the Offeror will procure BPlant to take the requisite steps to withdraw its listing status from the Official List in accordance with paragraph 16.07 of the Listing Requirements. Accordingly, if BPlant is delisted from the Official List, the BPlant Shares will no longer be traded on the Main Market of Bursa Securities.

3. NOTICE TO DISSENTING HOLDERS UNDER SUBSECTION 223(2) OF THE CMSA

As the Offeror has received valid acceptances under the Offer resulting in the Offeror and the PACs holding not less than nine-tenths (9/10) in the value of all BPlant Shares (including the BPlant Shares already held by the Offeror and the PACs), the Offeror will issue the Notice to Dissenting Holders to inform the Dissenting Holders that they may exercise their rights under subsection 223(1) of the CMSA, by serving a notice on the Offeror to require the Offeror to acquire their BPlant Shares on the same terms as set out in the Offer Document or such terms as may be agreed between the Offeror and such Dissenting Holder.

In accordance with subsection 223(2) of the CMSA, the Offeror will issue the Notice to Dissenting Holders to the Dissenting Holders within 1 month from 22 December 2023, being the date of receipt of the valid acceptances under the Offer resulting in the Offeror and the PACs holding not less than nine-tenths (9/10) in the value of all BPlant Shares. The Notice to Dissenting Holders may specify the period for the Dissenting Holders to exercise their rights and in any event, such period shall not be less than 3 months after the Closing Date.

Please refer to the attached Press Notice for further details.

This announcement is dated 5 January 2024.

Please refer attachment below.