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:

(i) S$1.15 in cash (the "Cash Consideration");

(ii) S$0.9775 in cash and 0.0486 New AEM Holdings Shares (the "85/15 Cash Shares Consideration"); or

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