General Announcement::Update on talks of potential transaction with Allianz

Issuer & Securities

Issuer/ Manager
INCOME INSURANCE LIMITED
Securities
INCOME S$800M3.1%N500720 - SGXF78097098 - TQBB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
14-Jul-2024 09:00:05
Status
New
Announcement Sub Title
Update on talks of potential transaction with Allianz
Announcement Reference
SG240714OTHRYSP0
Submitted By (Co./ Ind. Name)
Thanalakshmi M R Balakrishnan
Designation
Board Secretary
Description (Please provide a detailed description of the event in the box below)
The board of directors of Income Insurance Limited (Income Insurance) refers shareholders and bondholders of Income Insurance (collectively, Securityholders) to the press release dated 14 June 2024 released on Income Insurance's website and the website of the Singapore Exchange Securities Trading Limited in relation to discussions with Allianz on a transaction relating to the shares of Income Insurance.

Income Insurance would like to update that the discussions are ongoing. Income Insurance reiterates that there is no assurance that any transaction will materialise or that any definitive or binding agreement will be reached. Income Insurance will make further announcements if and when there are any material developments which warrant disclosure, in compliance with applicable laws and regulations.

Securityholders are advised to exercise caution when dealing in the securities of Income Insurance (the Securities) and to refrain from taking any action in respect of the Securities which may be prejudicial to their interests.

Securityholders are advised to read this Announcement and any further announcements by Income Insurance carefully.

In the event that Securityholders wish to deal in the Securities, they should seek their own professional advice.

The directors of Income Insurance (including any director who may have delegated detailed supervision of the preparation of this Announcement) have taken all reasonable care to ensure that the facts stated, and opinions expressed in this Announcement are fair and accurate and that there are no other material facts not contained in this Announcement, the omission of which would make any statement in this Announcement misleading. The directors of Income Insurance jointly and severally accept responsibility accordingly.

Andrew Yeo
Chief Executive