Tender/ Acquisition/ Takeover/ Purchase Offer::Mandatory

Issuer & Securities

Issuer/ Manager
CEI LIMITED
Security
CEI LIMITED - SG1AI5000004 - AVV

Announcement Details

Announcement Title
Mandatory Tender/ Acquisition/ Takeover/ Purchase Offer
Date &Time of Broadcast
11-Jan-2021 19:14:33
Status
New
Corporate Action Reference
SG210111TENDHLA4
Submitted By (Co./ Ind. Name)
Teo Soon Hock
Designation
Company Secretary
Financial Year End
31/12/2021

Event Narrative

Narrative Type
Narrative Text
OfferorAEM Singapore Pte. Ltd.
Additional TextPlease refer to the attachments.
Additional TextOffer Consideration. The consideration for each Offer Share will be S$1.15 (the "Offer Consideration"), to be satisfied, at the option of Shareholders who validly accept the Offer, either in cash or a combination of cash and new ordinary shares in the capital of AEM Holdings Ltd. (the "New AEM Holdings Shares") in the following proportions:
Additional TextFor each Offer Share, either:

(i) S$1.15 in cash (the "Cash Consideration");

(ii) S$0.9775 in cash and 0.0486 New AEM Holdings Shares (the "85/15 Cash Shares Consideration"); or
Additional Text(iii) S$0.8050 in cash and 0.0972 New AEM Holdings Shares (the "70/30 Cash Shares Consideration" and together with the 85/15 Cash Shares Consideration, the "Cash Shares Consideration Options").

Disbursement Details

Existing Security Details
Disbursement Type
Cash & Security
Cash Payment Details
Offer Price
SGD 1.15
New Security Details
Security Not Found?
No
Fractional Disposition Method
Round down fraction to last full unit

Attachments

Related Announcements