|Subject||IDAMAN UNGGUL BREHAD ("IDAMAN" OR "THE COMPANY") - APPEAL AGAINST DE-LISTING DISALLOWED|
Bursa Malaysia Securities Berhad ("Bursa Securities") has after due consideration of all the facts abd circumstances of the matter, decided to disallow Idaman Unggul Berhad's ("IDAMAN" or " the Company") appeal and to de-list the securities of IDAMAN.
Accordingly, the securities of IDAMAN will be removed from the Official List of Bursa Securities on Wednesday, 23 December 2009. IDAMAN is required to communicate Bursa Securities' decision to their shareholders.
Effect of De-listing from the Official List of Bursa Securities
With respect to the securities of IDAMAN which is currently deposited with Bursa Malaysia Depository Sdn Bhd ("Bursa Depository"), the securities may remain deposited with Bursa Depository notwithstanding the de-listing of the securities from the Official List of Bursa Securities. It is not mandatory for the securities of a company which has been de-listed to be withdrawn from Bursa Depository.
Alternatively, shareholders of IDAMAN who intend to hold their securities in the form of physical certificates can withdraw these securities from their Central Depository System (CDS) accounts with Bursa Depository, at anytime after the securities of the company are de-listed from the Official List of Bursa Securities. This can be effected by the shareholders submitting an application form for withdrawal in accordance with the procedures prescribed by Bursa Depository. These shareholders can contact any Participating Organisation of Bursa Securities and/or Bursa Securities' General Line at 03-2034 7000 for further information on the withdrawal procedures.
Upon the de-listing of IDAMAN, the Company will continue to exist but as an unlisted entity. IDAMAN is still able to continue the Company's operations and business and proceed with the Company's corporate restructuring and the shareholders can still be rewarded by the Company's performance. However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities.
|This announcement is dated 10 December 2009.|