AF Global Limited: Invitation to SIAS Dialogue Session Ahead of Proposed Acquisition

Key Developments

• Proposed Acquisition: AF Global Limited (“Company”) and AFG Investment Pte. Ltd. (“Offeror”) jointly announced a significant corporate action – the Offeror intends to acquire all issued ordinary shares in AF Global Limited, except shares already held by Aspial Corporation Limited and Mr. Koh Wee Meng. This will be executed via a scheme of arrangement under Section 210 of the Companies Act 1967 and the Singapore Code on Take-overs and Mergers.
• Scheme Meeting: The scheme meeting, where shareholders will vote on the proposed acquisition, is scheduled for 10 March 2026.
• SIAS Dialogue Session: Shareholders are invited to a crucial SIAS Dialogue Session on 3 March 2026 at 10:30 a.m. (Aspial One, 55 Ubi Avenue 3, Level 1, Singapore 408864). The session is in-person only, moderated by SIAS, and will feature a presentation by Executive Director and CEO, Mr. Chay Yue Kai, followed by a live Q&A with him and Group Financial Controller Ms. Lee Poh Ling.
• RSVP Details: Pre-registration is compulsory. RSVP online (via QR code provided in original notice) by 5:00 p.m. on 27 February 2026. Confirmation emails will be sent by 5:00 p.m. on 2 March 2026. Attendance is strictly first-come, first-served, and only verified shareholders may attend.

Key Shareholder Information & Requirements

• Verification Protocol: Shareholders must submit their full name (as per NRIC), email address, contact number, and photo/scan of their latest proof of shareholdings when they RSVP. They must also bring physical proof of shareholdings and photo ID to the dialogue session. The name on the ID must match the registration name.
• Intermediary Holders: Shareholders holding shares via intermediaries (e.g. nominee banks, custodians, CPFIS, SRS) must submit an electronic copy of their latest proof of holdings. If they fail to do so, entry will be denied.
• Corporation Shareholders: Corporations may appoint one representative by submitting an authorisation letter on the corporation’s letterhead, plus proof of holdings.
• Proxy Restrictions: Individual shareholders through intermediaries (including CPFIS and SRS investors) cannot appoint proxies for the session.
• Communication: If shareholders registered but do not receive a confirmation by 10:30 a.m. on 2 March 2026, they should contact SIAS at +(65) 6227 2683 or [email protected].
• Personal Data: By registering, shareholders consent to SIAS, AF Global Limited, and their service providers using their personal data for session administration, privatisation implementation, investor relations, and regulatory compliance.
• Reference Materials: Shareholders should review the Revised Scheme Document dated 23 February 2026 for detailed information about the Scheme.

Potential Price-sensitive Information & Implications for Shareholders

• Privatisation Proposal: The proposed acquisition, if passed, may lead to the privatisation of AF Global Limited. This can have direct implications for share price, liquidity, and shareholder rights. Shareholders are urged to carefully consider the terms of the Scheme and actively participate in the upcoming meeting.
• Exclusivity of Session: The SIAS Dialogue Session represents a rare opportunity for shareholders to ask questions directly to senior management ahead of a pivotal vote on the Scheme. Investors should use this platform to clarify any concerns regarding valuation, offer price, rationale, and post-acquisition plans.
• Voting and Attendance: Only verified shareholders can attend and participate. Those unable to attend should ensure they have reviewed all materials and understand their voting rights for the scheme meeting.
• Legal Compliance: The directors of AF Global Limited have stated they have taken all reasonable care to ensure the accuracy and fairness of the information provided regarding the Company, but do not accept responsibility for information related to the Offeror.
• Definitions: Relevant intermediaries include licensed banks, custodians, and the CPF Board for CPFIS/SRS investors. These definitions are important for verification and attendance.

Investor Action Points

1. Review the Revised Scheme Document in detail to understand the proposed acquisition and its terms.
2. Ensure timely RSVP for the SIAS Dialogue Session if you wish to attend and participate.
3. Prepare all required documents for verification (proof of shareholdings, photo ID).
4. Contact SIAS if you have registration or attendance issues.
5. Plan to attend the scheme meeting on 10 March 2026, where your vote on the privatisation proposal will be critical.

Conclusion

The proposed acquisition and privatisation of AF Global Limited is a material corporate event with significant implications for shareholders and share price. The SIAS Dialogue Session offers a valuable forum for shareholders to engage with management, clarify key points, and prepare for the upcoming vote. Active participation and thorough review of scheme documents are strongly advised.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should review official scheme documents and consult their financial advisers before making any decisions. The author is not responsible for any actions taken based on this article.

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