Revised Offer at S$0.67 for Dyna-Mac Holdings Ltd by Hanwha Ocean SG: Key Dates and Shareholder Guidance

Key Facts from the PDF Reports

1. Voluntary Conditional Cash Offer:

   • United Overseas Bank Limited (UOB) is acting on behalf of Hanwha Ocean SG Holdings Pte. Ltd. (the “Offeror”) for a voluntary conditional cash offer to acquire all issued ordinary shares of Dyna-Mac Holdings Ltd. (“the Company”) not already owned or controlled by the Offeror.
   • Initial offer price: S$0.60 per share.
   • Revised offer price: S$0.67 per share.

2. Key Dates:

   • Offer Announcement Date: 11 September 2024.
   • Formal Offer Document issued on: 2 October 2024.
   • Revision Announcement made on: 14 October 2024.
   • New closing date for the offer: 6 November 2024.
   • Deadline for despatch of Offeree Circular extended to: 23 October 2024.

3. Appointment of Independent Financial Adviser (IFA):

   • ZICO Capital Pte. Ltd. was appointed on 18 September 2024 to advise independent directors.
   • The Offeree Circular containing the IFA’s advice and independent directors’ recommendations will be sent by 23 October 2024.

4. Investor Guidance:

   • Shareholders who have accepted the offer will receive the revised price of S$0.67 per share.
   • Shareholders are advised to exercise caution and consult professional advisers before taking any action regarding their shares until the Offeree Circular is reviewed.

5. Special Note for Investors:

   • The Offeror has declared no intention to further revise the offer price beyond S$0.67 unless a competitive situation arises.