PERCENTAGE RATIO. The highest percentage ratio applicable to the Proposals pursuant to Paragraph 10.02(g) of the Listing Requirements is approximately 22.5% based on the total consideration for the Proposals of approximately RM3,186.4 million compared with the audited consolidated NA of the Company as at 30 June 2018 of approximately RM14,135.9 million. None of the Directors, major shareholders and/or persons connected with them has any interest, direct or indirect, in the Proposals. However, Xxxxx Xxx Xxx Xxxx Xxx, the spouse of Dato’ Xxx Xxxxxxx Xxxx Xxxx Xxxxx, an Executive Director of the Company, holds 2,100 LMB Shares as at the LPD. The Board, after having considered all aspects of the Proposals including the terms, rationale, benefits and effects of the Proposals, the salient terms of the SPA and the basis and justification for the Purchase Consideration for the Proposals, is of the opinion that the Proposals are in the best interest of the Company.
