OTHERS PROPOSED EARLY REDEMPTION OF RM500.0 MILLION ISLAMIC MEDIUM TERM NOTES (“IMTN”) PURSUANT TO THE ISLAMIC MEDIUM TERM NOTES PROGRAMME OF UP TO RM2.0 BILLION IN NOMINAL VALUE BASED ON THE ISLAMIC PRINCIPLE OF MUSHARAKAH (“IMTN PROGRAMME”)
| UMW HOLDINGS BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | PROPOSED EARLY REDEMPTION OF RM500.0 MILLION ISLAMIC MEDIUM TERM NOTES (“IMTN”) PURSUANT TO THE ISLAMIC MEDIUM TERM NOTES PROGRAMME OF UP TO RM2.0 BILLION IN NOMINAL VALUE BASED ON THE ISLAMIC PRINCIPLE OF MUSHARAKAH (“IMTN PROGRAMME”) |
On behalf of the Board of Directors of UMW Holdings Berhad (“UMW” or the “Issuer”) Maybank Investment Bank Berhad (“Maybank IB”) is pleased to announce that the Issuer has today successfully completed the early redemption of its RM500.0 million IMTN under the IMTN Programme (“Sukuk Buy-back Exercise”). The RM500 million IMTN was issued on 9th May 2013. The consent from the Sukukholders of the IMTN Programme with regards to the Sukuk Buy-back Exercise had been passed unanimously during the Extraordinary General Meeting held on 9 December 2013. In connection with the above, Maybank IB and Standard Chartered Saadiq Berhad have been mandated by UMW to act as Joint Transaction Advisers for the Sukuk Buy-back Exercise. This announcement is dated 18 December 2013.
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Announcement Info
| Company Name | UMW HOLDINGS BERHAD |
| Stock Name | UMW |
| Date Announced | 18 Dec 2013 |
| Category | General Announcement |
| Reference No | MI-131218-49344 |