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Additional Text | According to the Loss of Free Float Announcement issued on 25 May 2021 by SAC Capital Private Limited for and on behalf of Fairfax Asia Limited (the "Offeror"), the Offeror has, through acceptances of the Offer relating to Singapore Reinsurance Corporation Limited's (the "Offeree") Shares or otherwise, |
Additional Text | succeeded in holding more than 90% of the total number of the Offeree Shares (excluding any Offeree Shares held in treasury), thus causing the percentage of the total number of the Offeree Shares (excluding any Offeree Shares held in treasury) held in public hands to fall below 10%. |
Additional Text | Please refer to the announcement made by the Company on 27 May 2021 in relation to, inter alia, the loss of free float for further information. |
Additional Text | Rule 1303(1) of the Listing Rules provides, inter alia, that the SGX-ST may at any time suspend trading of the listed securities of an issuer if the percentage of an issuer's total number of issued shares excluding treasury shares held in public hands falls below 10%. |
Additional Text | In a take-over situation, where the offeror succeeds in garnering acceptances exceeding 90% of the issuer's total number of issued shares excluding treasury shares, thus causing the percentage of an issuer's total number of issued shares |
Additional Text | excluding treasury shares held in public hands to fall below 10% the SGX-ST will suspend trading of the listed securities of the issuer only at the close of the take-over offer. |
Additional Text | As the Offer has closed at 5.30 p.m. (Singapore time) on 17 June 2021, the Offeree has accordingly requested the suspension of trading of its listed securities with effect from 9.00 a.m. on 18 June 2021. |