MAHB to be delisted, shares held by joint offerors at 95.11%

Malaysia Airports Holdings Bhd (MAHB) will be delisted from the Main Market of Bursa Malaysia as its minimum public shareholding spread is now less than 25%. In a filing with Bursa Malaysia today, the airport operator said the shortfall in the public shareholding spread arose as a direct consequence of the offer and the shortfall is expected to increase further as a result of additional valid acceptances under the offer until it is closed for acceptances on Feb 12. "As of 5pm today, the total MAHB shares held by the joint offerors and the joint ultimate offerors, including MAHB shares transferred to the joint offerors but pending receipt of the acceptance document - which are subject to verification - constitute 95.11% of the total issued shares of MAHB," it said. Meanwhile, Gateway Development Alliance Sdn Bhd (GDA) and its shareholders (consortium), in a statement, said they will now take the necessary steps to delist MAHB from the official list of Bursa Malaysia and the last day that MAHB shares will trade publicly is Feb 19. In addition, the consortium will also take the necessary steps to compulsorily acquire all the remaining shares in MAHB that it does not own after the final close of the offer period in accordance with Section 222 of the Capital Markets and Services Act 2007. "The consortium looks forward to working closely with MAHB to realise its potential to become a world-class airport operator that is competitive, efficient, commercial and service-focused.<br/>