Thursday, October 3rd, 2024

PeakBayou Ltd’s Voluntary Unconditional General Offer for AMOS Group Limited

Summary of Key Facts and Investor Actions:

  1. 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.
  2. 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.
  3. 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).
  4. 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.
  5. 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.

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