LINGUI DEVELOPMENTS BERHAD (“LINGUI” OR “COMPANY”)
PROPOSED PRIVATISATION OF LINGUI BY SAMLING GLOBAL LIMITED BY WAY OF A MEMBERS’ SCHEME OF ARRANGEMENT UNDER SECTION 176 OF THE COMPANIES ACT, 1965 (“PROPOSED LINGUI PRIVATISATION”)
(Unless otherwise stated, all abbreviations used herein shall have the same meaning as those mentioned in the explanatory statement to the shareholders of Lingui in relation to the Proposed Lingui Privatisation dated 19 December 2012)
We refer to the earlier announcements in relation to the Proposed Lingui Privatisation.
On behalf of the Company, Maybank Investment Bank Berhad wishes to announce that the Lingui Scheme Shareholders have approved the Lingui Scheme by way of a resolution as set out in the Notice of CCM dated 19 December2012, during the CCM of the Company held today, 10 January 2013.
Details on the results of the polling at the CCM are as follows:
(i) There are 340 Lingui Scheme Shareholders who voted for the resolution representing 84.37% of the total number of the Lingui Scheme Shareholders present in person or by proxy, and voted.
(ii) The total nominal value of the Lingui Scheme Shares held by the Lingui Scheme Shareholders who voted for the resolution is RM64,662,802.50 representing 92.27% of the total nominal value of the Lingui Scheme Shares held by the Lingui Scheme Shareholders present in person or by proxy, and voted.
(iii) The total nominal value of votes cast against the resolution is 5.01% of all the Lingui Scheme Shares held by all the Lingui Scheme Shareholders.
The application to the High Court of Malaya for the sanction of the Lingui Scheme will be made in due course.
This announcement is dated 10 January 2013.