Asset Acquisitions and Disposals::MANDATORY UNCONDITIONAL CASH OFFER FOR SINGAPORE LAND LIMITED - CLOSE OF OFFER

Issuer & Securities

Issuer/ Manager
UOL GROUP LIMITED
Securities
UOL GROUP LIMITED - SG1S83002349 - U14
Stapled Security
No

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
03-Jan-2018 19:30:51
Status
New
Announcement Sub Title
MANDATORY UNCONDITIONAL CASH OFFER FOR SINGAPORE LAND LIMITED - CLOSE OF OFFER
Announcement Reference
SG180103OTHRVO91
Submitted By (Co./ Ind. Name)
Foo Thiam Fong Wellington
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
On 21 November 2017, it was announced that a mandatory unconditional cash offer has been made by United Overseas Bank Limited, for and on behalf of UOL Equity Investments Pte Ltd ("Offeror"), a wholly-owned subsidiary of the Company, to acquire all the issued ordinary shares in the capital of Singapore Land Limited ("SingLand Shares"), other than those SingLand Shares already owned, controlled or agreed to be acquired by the Offeror and parties acting in concert with the Offeror (including the Company) (collectively, "Offeror Concert Party Group") ("Offer").

In connection with the Offer, the formal offer document dated 6 December 2017 ("Offer Document"), together with the Form of Acceptance and Transfer for Offer Shares, were despatched to the shareholders of Singapore Land Limited. All capitalised terms used and not defined herein shall have the same meanings given to them in the Offer Document.

The Offeror wishes to announce that the Offer has closed at 5.30 p.m. (Singapore time) on 3 January 2018 ("Closing Date"). Accordingly, the Offer is no longer open for acceptance and any acceptances received after 5.30 p.m. (Singapore time) on the Closing Date will be rejected.

Please refer to the attachment for further details on the final level of acceptances of the Offer and the resultant shareholding of the Offeror Concert Party Group.

Attachments

UOL_Close_of_Offer_Announcement.pdf
Total size =265K