Asset Acquisitions and Disposals::ACQUISITION OF SHARES IN ASSOCIATED COMPANY - UNITED INDUSTRIAL CORPORATION LIMITED

Issuer & Securities

Issuer/ Manager
UOL GROUP LIMITED
Securities
UOL GROUP LIMITED - SG1S83002349 - U14

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
24-Jun-2014 17:34:49
Status
New
Announcement Sub Title
ACQUISITION OF SHARES IN ASSOCIATED COMPANY - UNITED INDUSTRIAL CORPORATION LIMITED
Announcement Reference
SG140624OTHR947R
Submitted By (Co./ Ind. Name)
Foo Thiam Fong Wellington
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Pursuant to Rule 704(17)(d) of the SGX-ST Listing Manual, the Company wishes to announce that its interest in associated company, United Industrial Corporation Limited ("UIC"), has increased to 607,966,248 shares or 43.67% of UIC's issued capital (1,392,224,757 shares).

The increase in shareholdings arose from the election by the Company and its wholly-owned subsidiary, UOL Equity Investments Pte Ltd to receive 305,848 ordinary shares and 5,393,835 ordinary shares respectively, under the UIC Scrip Dividend Scheme in lieu of cash dividend at an issue price of S$3.17 per share.