Rights::Voluntary

Issuer & Securities

Issuer/ Manager
SEMBCORP MARINE LTD
Security
SEMBCORP MARINE LTD - SG1H97877952 - S51

Announcement Details

Announcement Title
Propose Renounceable Underwritten Rights Issue
Date &Time of Broadcast
08-Jun-2020 16:36:53
Status
New
Corporate Action Reference
SG200608RHDIVHHL
Submitted By (Co./ Ind. Name)
Tan Yah Sze
Designation
Company Secretary
Underwritten
Yes
Shareholders' Approval Required?
Yes
Shareholders' Approval Obtained
No
Financial Year End
31/12/2020
Foreign Shareholder Eligibility
No
Attachment for Intent
SCI AND SCM PROPOSE S$2.1BN SCM RECAPITALISATION AND DEMERGER TO FOCUS COMPANIES ON GROWTH SEGMENTS.pdf
Sembcorp Marine Ltd - Announcement Presentation dated 8 June 2020.pdf
Sembcorp Marine Ltd - Launch Announcement dated 8 June 2020.pdf
Sembcorp Marine Ltd - Liquidity Trading Update dated 8 June 2020.pdf

Event Narrative

Narrative Type
Narrative Text
Additional TextPROPOSED (A) RENOUNCEABLE UNDERWRITTEN RIGHTS ISSUE; AND
(B) DISTRIBUTION IN SPECIE BY HOLDING COMPANY
Additional TextThe Rights shares will not be offered to foreign shareholders, subject to certain limited exceptions and/or unless otherwise reasonably determined by the Directors that the Rights Shares may be offered based on applicable securities legislation.

Dates

Rights Details

Security Not Found?
Yes
Renounceable
Yes
Rights Security Distribution Ratio- Underlying
1
Rights Security Distribution Ratio- Rights Security
5

Option Exercise

Issue Price (Per Rights)
SGD 0.2
Disbursed Security
ISIN
Name
Security Type
Distribution Ratio- Rights
Distribution Ratio- Disbursed
11

Renounceable Conditions

Allow Over Subscription
Yes

Attachments

SCI AND SCM PROPOSE S$2.1BN SCM RECAPITALISATION AND DEMERGER TO FOCUS COMPANIES ON GROWTH SEGMENTS.pdf
Sembcorp Marine Ltd - Announcement Presentation dated 8 June 2020.pdf
Sembcorp Marine Ltd - Launch Announcement dated 8 June 2020.pdf
Sembcorp Marine Ltd - Liquidity Trading Update dated 8 June 2020.pdf
Total size =2564K

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