Monday, April 21st, 2025

Silverlake Axis Ltd.: Voluntary Unconditional Offer and Loss of Free Float

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.

Keppel Infrastructure Trust (KIT) Dialogue Session 2025 – Driving Sustainable Growth Through Diversified Infrastructure Investments

Keppel Infrastructure Trust Delivers Robust Growth, Expands Portfolio with Accretive Acquisitions Keppel Infrastructure Trust (KIT) has reported a solid performance in FY 2024, with an 8.6% year-on-year increase in Funds from Operations (FFO) to...

ABF Singapore Bond Index Fund Announces S$0.0126 Dividend Distribution for January 2025

Nikko AM Asia Announces Dividend for ABF Singapore Bond Index Fund Nikko AM Asia Announces Dividend for ABF Singapore Bond Index Fund Nikko Asset Management Asia Limited has announced a dividend distribution for the...

ESR-REIT Announces Distribution Payment Details for Q4 2024: Key Dates and Tax Information

ESR-REIT Announces Key Distribution Dates and Taxation Details for 2025 ESR-REIT Announces Key Distribution Dates and Taxation Details for 2025 Singapore-based ESR-REIT, a leading real estate investment trust, has unveiled pivotal details concerning its...