Summary of Key Facts and Investor Actions:
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Offer Details:
- PeakBayou Ltd, through PrimePartners Corporate Finance Pte. Ltd., intends to make a voluntary unconditional general offer for all the issued ordinary shares of AMOS Group Limited (AGL). This was announced on 25 September 2024.
- Offer Price: SGD 0.070 in cash for each Offer Share.
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Offer Document:
- The formal Offer Document outlining the terms and conditions will be dispatched to shareholders within 14 to 21 days from the Offer Announcement Date (25 September 2024).
- The Offer will remain open for at least 28 days from the date of posting of the Offer Document.
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Rationale for the Offer:
- Provides an exit opportunity for shareholders due to AGL’s low trading liquidity.
- Allows shareholders to realize their investment at a premium.
- Addresses the challenging business environment faced by AGL.
- Reduced compliance costs if AGL is delisted from the Singapore Exchange (SGX).
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Investor Actions:
- Shareholders are advised to review the Offer Document and seek advice from financial professionals.
- Caution is urged when dealing with shares until considering the recommendations of the Independent Financial Adviser (IFA) to be appointed by AGL’s Board.
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Important Dates:
- Announcement Date: 25 September 2024.
- Offer Document Dispatch: Within 14 to 21 days from the Announcement Date.
- Offer Open Period: At least 28 days from the posting of the Offer Document.
Special Notes for Investors:
- Shareholders are cautioned against making any premature actions regarding their shares until they have reviewed the full details in the Offer Document and the advice of the IFA.
- The Offer Price of SGD 0.070 per share is final unless a competing offer arises.
Conclusion: Investors should closely monitor upcoming announcements and consider the Offer Document’s terms once received for a well-informed decision.
