Response to Query Regarding Trading Activity::
Issuer & Securities
Issuer/ Manager
JARDINE CYCLE & CARRIAGE LIMITED
Securities
JARDINE CYCLE & CARRIAGE LTD - SG1B51001017 - C07
Stapled Security
No
Announcement Details
Announcement Title
Response to Query Regarding Trading Activity
Date &Time of Broadcast
21-Apr-2022 22:17:41
Status
New
Announcement Reference
SG220421OTHRRZH6
Response Submitted Date/ Time
21-Apr-2022 22:17:41
Response Details
Response Submitted By (Co./ Ind. Name)
Jeffery Tan Eng Heong
Respondent's Designation
Company Secretary
Response Description (Please provide a detailed description of the Response to Query in the box below)
Jardine Cycle & Carriage Limited (the Company") would like to respond to the queries raised by Singapore Exchange Regulation Pte. Ltd. dated 21 April 2022, regarding the unusual price movements in the shares of the Company as follows:
Question 1: Are you (the issuer) aware of any information not previously announced concerning you, your subsidiaries or associated companies which, if known, might explain the trading? Such information may include events that are potentially material and price-sensitive, such as discussions and negotiations that may lead to joint ventures, mergers, acquisitions or purchase or sale of a significant asset. You may refer to paragraph 8 in Appendix 7.1 of the Mainboard Rules for further examples.
- If yes, the information shall be announced immediately.
Response:
Jardine Cycle & Carriage Limited ( JC&C ) is not aware of any information not previously announced concerning JC&C or its subsidiaries or associated companies which, if known, might explain the trading. However, having made investigations following your enquiry, we are aware that an off-market (single block-trade) share purchase of 80,000 shares was made today by our majority shareholder, Jardine Matheson Holdings Limited, at or around prevailing market price. We understand that that purchase did not trigger any disclosure obligations by them, and hence, no disclosure was made. We do not believe the fact of this purchase is in and of itself material non-public information requiring disclosure by JC&C.
Question 2: Are you aware of any other possible explanation for the trading? Such information may include public circulation of information by rumours or reports.
Response:
No.
Question 3: Can you confirm your compliance with the listing rules and, in particular, Mainboard Rule 703?
Response:
The Company confirms that it is in compliance with the listing rules and, in particular, Mainboard Rule 703.
The Board of Directors of the Company collectively and individually takes responsibility for the accuracy of the replies provided.
By Order of the Board
Jeffery Tan Eng Heong
Company Secretary
21 April 2022
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