NIKS Professional Ltd. Receives Court Approval for Selective Capital Reduction – Major Step Toward Delisting

Key Highlights

• Court Approval Granted: The Singapore High Court has officially approved the Proposed Selective Capital Reduction. No additional conditions were imposed by the Court, clearing a major regulatory hurdle for the company’s planned delisting.
• Next Steps: The Selective Capital Reduction will become effective upon the formal lodgement of the Court Order and related documents with the Accounting and Corporate Regulatory Authority (ACRA).
• Record Date Announcement Pending: The Company will announce the Record Date for the Selective Capital Reduction in a forthcoming update. This date will be crucial for shareholders as it determines eligibility for participation in the capital reduction exercise.

What Shareholders Need to Know

• Potential Share Price Impact: The Court’s approval and the imminent execution of the Selective Capital Reduction represent a significant corporate event. Such actions are typically price sensitive and could result in material changes to the company’s share price, especially given the intention to delist from the Singapore Exchange.
• Shareholder Actions: Shareholders are strongly advised to exercise caution when trading NIKS Professional Ltd. shares during this period of transition. The company has advised all shareholders and potential investors to consult with their professional advisers if they are uncertain about the implications or actions they should take.
• Board and Shareholder Responsibilities: Both the Company’s Directors and the Non-Participating Shareholders have confirmed they have taken all reasonable care to ensure the accuracy and completeness of the facts and opinions disclosed, reinforcing the reliability of the information.

Detailed Timeline & Corporate Actions

1. On 11 September 2025, NIKS Professional Ltd. announced its intention to delist from the Singapore Exchange through a Selective Capital Reduction.
2. A Circular outlining the details of the proposed actions was issued on 4 November 2025, followed by several announcements regarding shareholder queries, EGM arrangements, and meeting outcomes throughout November 2025.
3. The Extraordinary General Meeting (EGM) was held, and shareholders’ approval was secured as reported on 27 November 2025. The meeting minutes were subsequently released on 28 November 2025.
4. On 18 December 2025, the company announced that Court approval had been obtained. The Selective Capital Reduction will take effect upon filing with ACRA, after which the company will confirm the Record Date for eligible shareholders.

Cautionary Statement

The company reiterates that shareholders and potential investors should exercise caution when dealing in the Company’s shares. Any action taken in respect of their holdings should be carefully considered, particularly in light of the impending delisting and capital reduction exercise.

Shareholders are strongly encouraged to seek advice from their stockbrokers, bank managers, solicitors, or other professional advisers if they have any doubts regarding their positions or the appropriate course of action.

Contact Information

For further information or clarification, shareholders may contact the Company’s sponsor, SAC Capital Private Limited (Ms. Charmian Lim, Tel: +65 6232 3210).

Disclaimer: This article is for informational purposes only and does not constitute investment advice or an offer to buy or sell any securities. Investors should consult professional advisers and consider their own circumstances before making any investment decisions. The Singapore Exchange Securities Trading Limited assumes no responsibility for the contents of this article.

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