Circular/Notice to Shareholders
| JOBSTREET CORPORATION BERHAD |
|
Subject | PART A CIRCULAR TO SHAREHOLDERS IN RELATION TO (I) PROPOSED ACQUISITION BY JOBSTREET.COM PTE LTD FROM SUMMIT INTERNET INVESTMENTS, INC OF THE REMAINING 40% EQUITY INTEREST IN JOBSTREET.COM PHILIPPINES, INC COMPRISING 5,645,600 JSP SHARES (AS DEFINED IN THIS CIRCULAR) FOR A PURCHASE PRICE OF RM120,536,000 TO BE SATISFIED VIA THE ISSUANCE OF 49,400,000 NEW JOBSTREET SHARES AT AN ISSUE PRICE OF RM2.44 PER JOBSTREET SHARE (“PROPOSED ACQUISITION OF JOBSTREET.COM PHILIPPINES, INC”); (II) PROPOSED DISPOSAL BY JOBSTREET TO SEEK ASIA INVESTMENTS PTE LTD OR ITS NOMINEE(S) OF ITS ENTIRE EQUITY INTEREST IN JOBSTREET.COM PTE LTD (TOGETHER WITH ALL ITS SUBSIDIARY COMPANIES) AND AGENSI PEKERJAAN JS STAFFING SERVICES SDN BHD, FOR A TOTAL DISPOSAL CONSIDERATION OF RM1,730 MILLION (SUBJECT TO ADJUSTMENTS AS DETAILED IN THIS CIRCULAR) TO BE SATISFIED ENTIRELY IN CASH AND PAYABLE NET OF DIVIDENDS TO BE RECEIVED BY SEEK INTERNATIONAL INVESTMENTS PTY LTD (BEING A SHAREHOLDER OF JOBSTREET) PURSUANT TO THE PROPOSED DISTRIBUTION (“PROPOSED DISPOSALS”); AND (III) PROPOSED DISTRIBUTION OF APPROXIMATELY RM1,700 MILLION VIA SPECIAL CASH DIVIDEND TO THE ENTITLED SHAREHOLDERS OF JOBSTREET AT AN ENTITLEMENT DATE(S) TO BE DETERMINED AND ANNOUNCED LATER (“PROPOSED DISTRIBUTION”) (COLLECTIVELY KNOWN AS THE “PROPOSALS”) PART B INDEPENDENT ADVICE LETTER FROM AMINVESTMENT BANK BERHAD IN RELATION TO THE PROPOSED DISPOSALS AND PROPOSED DISTRIBUTION |
Announcement Info
| Company Name | JOBSTREET CORPORATION BERHAD |
| Stock Name | JOBST |
| Date Announced | 29 Apr 2014 |
| Category | Document Receipt |
| Reference No | GR-140429-53834 |
