Shareholders of Broadway Industrial Group Limited are presented with a crucial opportunity to act under the mandatory conditional cash offer by Patec Pte. Ltd., facilitated by United Overseas Bank Limited (UOB). This offer may significantly impact share values and requires immediate attention from shareholders.

Key Offer Details

• Offer Price: The consideration for shareholders exercising their rights is S\$0.197 in cash per share.
• Deadline: The last date and time to exercise rights is 5:30 p.m. (Singapore time) on April 10, 2025.
• Applicable Rights: Shareholders can exercise their rights under Section 215(3) of the Companies Act 1967 of Singapore.

What Shareholders Need to Know

The offer is directed at acquiring all issued and paid-up ordinary shares of Broadway Industrial Group Limited, excluding treasury shares and those already owned or agreed upon by the Offeror. Shareholders who wish to exercise their rights must submit a completed Form of Exercise and Authorisation (FEA) either electronically or in physical form. The form must arrive at The Central Depository (Pte) Limited (CDP) by the stipulated deadline.

Key submission details include:

• Electronic submissions can be made via investors.sgx.com.
• Physical submissions should be directed to Robinson Road Post Office, P.O. Box 1984, Singapore 903934.

Implications of Missing the Deadline

Shareholders who fail to submit the FEA by April 10, 2025, will forfeit their rights under Section 215(3). Additionally, any incomplete or improperly submitted forms may be rejected, making it critical to adhere to submission guidelines.

Important Considerations

Several scenarios require special attention:

• Deceased Shareholders: Executors or personal representatives must submit the FEA along with supporting documents, such as the Grant of Probate or Death Certificate, depending on the account type.
• Shares Purchased via CPF or SRS: Shareholders who acquired shares through the Central Provident Fund (CPF) or Supplementary Retirement Scheme (SRS) must exercise rights through their respective agent banks.
• Corporations: Corporate shareholders must comply with their signing mandates and affix their Common Seal if applicable.

It is also important to note that any exercise of rights under Section 215(3) is irrevocable, and shareholders must ensure all documentation is accurate and complete before submission.

Potential Impact on Share Values

The offer price of S\$0.197 per share could influence market sentiments, especially as shareholders weigh the value of the offer against the company’s future prospects. Shareholders should consult financial advisors to assess the implications of accepting the offer.