General Announcement::Notice of the Holding Period Distribution Dates

Issuer & Securities

Issuer/ Manager
PEARL HOLDING III LIMITED
Securities
PEARLHLDG US$175M9.5%N221211A - US70477NAA46 - 8CYB
PEARLHLDG US$175M9.5%N221211R - USG44527AA02 - 8CZB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
11-Nov-2021 12:13:14
Status
New
Announcement Sub Title
Notice of the Holding Period Distribution Dates
Announcement Reference
SG211111OTHRE7EZ
Submitted By (Co./ Ind. Name)
Pearl Engineered Solutions Pte Ltd/Ang Boon Heng
Designation
CFO
Description (Please provide a detailed description of the event in the box below)
Pearl Holding III Limited ( Pearl or the Company ) refers to the previous announcements published on 27 May 2021, 13 June 2021, 18 June 2021, 27 August 2021, 8 September 2021, 30 September 2021, 12 October 2021, 21 October 2021 and 24 October 2021.

Unless otherwise indicated, capitalised words and phrases used in this announcement have the same meaning as defined in the explanatory statement dated 8 September 2021 in respect of the Scheme (the Explanatory Statement ).

Commencement of the Holding Period

On and from the Restructuring Effective Date (being 22 October 2021), the Scheme Consideration Trustee has been holding the Surplus Scheme Consideration on trust for those Scheme Creditors who have not yet received their entitlement to the Surplus Scheme Consideration, in accordance with the terms of the Distribution Agreement.

Periodic Distributions of the Surplus Scheme Consideration will be made during the Holding Period (including on the Final Distribution Date), to settle the Surplus Scheme Consideration due to those Scheme Creditors whose validly completed Account Holder Letters, Distribution Confirmations and (if applicable) Designated Recipient Forms are received after the Initial Deadline but before the Bar Date (being 22 March 2022). Following the Final Distribution Date any remaining Surplus Scheme Consideration will be delivered back to the Company and/or Pearl II (as applicable) for cancellation and no further distributions will occur.

Timeline and Operational Deadlines

To receive Surplus Scheme Consideration during the Holding Period, Scheme Creditors who have not validly submitted Account Holder Letters, Distribution Confirmations and (if applicable) Designated Recipient Forms prior to the Initial Deadline are advised to submit the required documentation to the Information Agent via the Scheme AHL Portal (https://portal.morrowsodali.com/pearl) prior to the applicable deadlines set out below. For Surplus Scheme Consideration held through Euroclear and Clearstream, such positions should be blocked in accordance with the standard practices and procedures of Euroclear and Clearstream and by the deadlines required by Euroclear or Clearstream, their Account Holders and any Intermediary. Please refer to the attachment for further details.

Attachments

Notice of the Holding Period Distribution Dates 11 Nov 2021.pdf
Total size =502K