Berjaya Corp. Bhd. · MYX:BJCORP

Berjaya Corp. Bhd — Shareholder Meeting (April 2016)

10 slides from Berjaya Corp. Bhd's shareholder meeting presentation, Apr 19, 2016

  1. Slide 1: Extraordinary General Meeting: Proposed Acquisition of 12.00% Equity Interest in Berjaya Land

    BERJAYA CORPORATION BERHAD EXTRAORDINARY GENERAL MEETING PROPOSED ACQUISITIONS OF 12.00% EQUITY INTEREST IN BERJAYA LAND BERHAD (“BLAND”) FOR A TOTAL PURCHASE CONSIDERATION OF RM419.11 MILLION TO BE SATISFIED BY THE ISSUANCE OF RM353.25 MILLION NOMINAL VALUE OF IRREDEEMABLE CONVERTIBLE UNSECURED LOA

  2. Slide 2: Summary of the Proposed Acquisition

    SUMMARY OF THE PROPOSED ACQUISITION • On 2 December 2015, BCorp and Juara Sejati Sdn Bhd (“JSSB”), a wholly-owned subsidiary of BCorp, had entered into separate share sale agreements with Penta Investment Advisers Ltd ("Penta") and Tan Sri Dato’ Seri Vincent Tan Chee Yioun (“TSVT”) respectively (col

  3. Slide 3: Summary of the Proposed Acquisition

    SUMMARY OF THE PROPOSED ACQUISITION • The summary of the Proposed Acquisition is as follows: BLand shares to be acquired  598.73 million or 12.00% Total purchase consideration  RM419.11 million Price per BLand share  RM0.70 per BLand share  Issuance of RM353.25 million New ICULS at 100% of its n

  4. Slide 4: Rationale & Benefits of the Proposed Acquisition

    RATIONALE & BENEFITS OF THE PROPOSED ACQUISITION Increasing equity interest in BLand at a reasonable value Expected to Minimise any Rationale contribute positively to immediate & the future cash outflow benefits earnings of the BCorp group Strengthen capital base and improve gearing as well as liqui

  5. Slide 5: Salient Terms of the New ICULS and New Warrants

    SALIENT TERMS OF THE NEW ICULS AND NEW WARRANTS New ICULS New Warrants  RM353.25 million nominal value of RM1.00 Issue size  706.50 million New Warrants each Issue price  RM1.00  The New Warrants are to be issued free together with the New ICULS Tenure/maturity  Ten (10) years date  2% per ann

  6. Slide 6: Effects of the Proposed Acquisition

    EFFECTS OF THE PROPOSED ACQUISITION Earnings and earnings per share • The proforma effect of the Proposed Acquisition on the earnings of the BCorp group is as follows: PATAMI Earnings per BCorp Share (RM’000) sen Audited consolidated profit after tax and minority interest 831,667 (“PATAMI”) for the

  7. Slide 7: Effects of the Proposed Acquisition (Cont'd)

    EFFECTS OF THE PROPOSED ACQUISITION (Cont’d) NA per share and gearing • The summary of the effects of the Proposed Acquisition is as follows: (I) (II) (III) After (II) and assuming full conversion/ After (I) and exercise of all Audited as at Subsequent the Proposed outstanding 30 April 2015 adjustme

  8. Slide 8: Approvals Required

    APPROVALS REQUIRED Parties Approvals for Date Securities Commission Obtained on • Issuance of the New ICULS with New Warrants Malaysia 20 January 2016 • Admission of New ICULS and New Warrants to the Official List of Main Market of Bursa Securities; and Bursa Malaysia Securities • Listing of and quo

  9. Slide 9: Tentative Timeline

    TENTATIVE TIMELINE • The tentative timetable in respect of the implementation of the Proposed Acquisition is as follows: Completion of the Proposed Acquisition Fulfillment of EGM for the all conditions precedent of Listing of and Proposed quotation for the Acquisition the SSAs New ICULS and New Warr

  10. Slide 10: Interests of the Directors, Major Shareholders and/or Persons Connected

    INTERESTS OF THE DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED • The Proposed Acquisition is a related-party transaction. Major shareholder  TSVT  Dato’ Sri Robin Tan Yeong Ching Interested  Ms Nerine Tan Sheik Ping Directors  Mr Rayvin Tan Yeong Sheik (was an Executive Director of BCor

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