TENDER/ ACQUISITION/ TAKEOVER/ PURCHASE OFFER::MANDATORY |
ISSUER & SECURITIES |
Issuer/ Manager |
CEI LIMITED |
Securities |
CEI LIMITED - SG1AI5000004 - AVV |
ANNOUNCEMENT DETAILS |
Announcement Title |
Mandatory Tender/ Acquisition/ Takeover/ Purchase Offer |
Date & Time of Broadcast | 11-Jan-2021 19:14:33 |
Status | New |
Corporate Action Reference | SG210111TENDHLA4 |
Submitted By (Co./ Ind. Name) | Teo Soon Hock |
Designation | Company Secretary |
Financial Year End | 31/12/2021 |
Event Narrative |
Narrative Text |
Offeror |
AEM Singapore Pte. Ltd. |
Additional Text |
Please refer to the attachments. |
Additional Text |
Offer Consideration. The consideration for each Offer Share will be S$1.15 (the "Offer Consideration"), to be satisfied, at the option of Shareholders who validly accept the Offer, either in cash or a combination of cash and new ordinary shares in the capital of AEM Holdings Ltd. (the "New AEM Holdings Shares") in the following proportions: |
Additional Text |
For each Offer Share, either: |
Additional Text |
(iii) S$0.8050 in cash and 0.0972 New AEM Holdings Shares (the "70/30 Cash Shares Consideration" and together with the 85/15 Cash Shares Consideration, the "Cash Shares Consideration Options"). |
Disbursement Details |
|
Existing Security Details |
|
Disbursement Type |
Cash & Security |
Cash payment Details |
|
Offer Price |
SGD 1.15 |
New Security Details |
|
Security Not Found ? |
No |
Fractional Disposition Method |
Round down fraction to last full unit |
Attachments | CEI Holding Announcement.pdf |
Pre-Conditional Offer
Annoucement.pdf Total size = 479K |
|
Related Announcements | 15-Jan-2021 17:31:08 |