General Announcement::PROPOSED SCHEME OF ARRANGEMENT INVOLVING SINGAPORE PRESS HOLDINGS LIMITED (DEALING DISCLOSURE)
T39.SI
PROPOSED ACQUISITION OF SINGAPORE PRESS HOLDINGS BY WAY OF A
SCHEME OF ARRANGEMENT
DEALINGS DISCLOSURE
1. INTRODUCTION
J. P. Morgan (S.E.A.) Limited ("JPMSEAL") refers to the proposed scheme of arrangement (the "Scheme") to be undertaken by Singapore Press Holdings Limited (the "Company") and Keppel Pegasus Pte. Ltd. (the "Offeror") (which is a wholly-owned subsidiary of Keppel Corporation Limited ("KCL")) pursuant to Section 210 of the Companies Act, Chapter 50 of Singapore, involving, inter alia, (i) the distribution of units in SPH REIT held by the Company to the shareholders of the Company on a pro-rata basis and (ii) the Offeror acquiring the entire share capital of the Company (other than those already owned, controlled or agreed to be acquired by the Offeror and its concert parties), the consideration for which include units in Keppel REIT, which was announced on 2 August 2021 (the "Joint Announcement").
As stated in the Joint Announcement, JPMSEAL is the financial adviser to the Offeror in respect of the Scheme.
All capitalised terms used and not defined herein shall have the same meanings given to them in the Joint Announcement.
2. DISCLOSURE OF DEALINGS
Pursuant to Rule 12.1 of the Singapore Code on Take-overs and Mergers (the "Code") and the Practice Statement on the Exemption of Connected Fund Managers and Principal Traders under the Code, JPMSEAL wishes to announce the dealings by its associates in the relevant securities of the Company on 08 October 2021, details of which are set out in the Schedule hereto.
Issued by
J.P. Morgan (S.E.A.) Limited
11 October 2021
Singapore
1
Schedule
Dealing in
Shares
Resultant
Name of Relevant Entity
Total
Total of
Highest and
Equivalent
% of Resultant
and (if different) name
Amount
Date of
Nature of
Number
Price
Lowest Prices
Shares
Total of
of the ultimate
Description of Security
(Paid)/
Dealing
Transaction
of Shares
(SGD)
Paid or
owned
Equivalent
beneficial owner or
(Received)
Received (SGD)
or controlled
Shares
controller
(SGD)
by
the associate
Buy/Sell
Product Type
Nature of Dealing
Highest
Lowest
J.P. MORGAN
8-Oct-21
SECURITIES PLC (dealing
SINGAPORE PRESS HOLDINGS LTD
Sell
Common Shares
Index hedge
(41,900)
1.98
1.98
1.98
82,928.82
5,251,508
0.33%
as principal)
2
Disclaimer
SPH - Singapore Press Holdings Ltd. published this content on 11 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 October 2021 09:11:06 UTC.