Alternatively, shareholders may choose to receive a combination of 30 cents per share in cash, together with one new redeemable preference share (RPS) in the capital of the offeror, E2I, for each offer share.
New offeror RPSes are not and will not be listed on any securities exchange, and do not carry any voting or dividend rights. They will be mandatorily redeemed five years from their issuance at the redemption amount of 18 cents apiece.
A 0.36 cent per share dividend was earlier proposed by Silverlake Axis' directors for financial year 2024, with the record date being 5pm on Nov 7. Assuming that the settlement date falls after the record date such that the offeror does not receive the dividend in respect of the offer shares, this means shareholders who elect to receive the cash consideration are estimated to be paid 35.64 cents for each offer share.
Shareholders opting to receive the combination consideration will receive an estimated 29.64 cents in cash along with one new offeror RPS.
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Denne historien er fra August 27, 2024-utgaven av The Straits Times.
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HORSEBACK FISHING ALIVE IN BELGIUM
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