Prescribed events which require immediate announcement
Based on the same facts as in Question 9.22 above, assuming that Y Bhd discovers on 23 January 2010 that based on its latest revised sales record and the successful implementation of new cost saving measures, Y Bhd's profit before tax for the 4th Quarterly Results is likely to be materially higher than the prospect earlier announced. Is Y Bhd required to make an immediate announcement of such circumstances?
Yes, Y Bhd is required to make an immediate announcement of the aforesaid circumstances pursuant to paragraph 9.19(36) of the Main LR. It is to be noted that paragraph 9.19(36) of the Main LR requires the immediate announcement to be made irrespective of whether the results or outcome is better or less favourable than the prospects, forecast, projection, estimate or internal targets previously announced or disclosed.