Key Facts for Investor Actions:
- Offer Details: Silverlake Axis Ltd. is undergoing a voluntary unconditional offer from E2I Pte. Ltd., announced by United Overseas Bank Limited (UOB) on August 26, 2024.
- Offer Consideration: Finalized as of September 24, 2024. No further increases will be made.
- Free Float Loss: As of October 7, 2024, E2I Pte. Ltd. and its concert parties hold approximately 90.53% of the shares, reducing the public float to 9.47%, below the 10% threshold required by SGX-ST.
- Trading Suspension: Trading of Silverlake Axis Ltd. shares will be suspended at the close of the offer, following SGX-ST rules.
- Voluntary Delisting: E2I Pte. Ltd. may seek voluntary delisting, depending on acceptance from independent shareholders.
- Non-Assenting Shareholders’ Rights: Shareholders who do not accept the offer by October 21, 2024, can require E2I Pte. Ltd. to acquire their shares on the same terms.
Dates and Price Information:
- Offer Closure: 5:30 p.m. Singapore time, October 21, 2024.
- Offer Consideration: No price increase was specified, but it remains final as of September 24, 2024.
Investors should act before the deadline on October 21, 2024, if they wish to accept the offer or invoke their rights under Section 215(3) of the Companies Act.
