214 views
Photo from Envato Elements

Silverlake Axis plans to go private with $0.36 per share offer

Shareholders can opt to receive $0.30 in cash and one new redeemable preference share in E21.

Silverlake Axis has made a voluntary unconditional offer for all its issued and paid-up ordinary shares at $0.36 in cash each.

Shareholders also have the option to receive a combination of $0.30 in cash and one new redeemable preference share in the offeror, E21, for each offer share.

The new offeror RPS are not and will not be listed on any securities exchange and will be mandatorily redeemed by E21 five calendar years from their issuance at the redemption amount of $0.18 each.

The company declared a dividend of S$0.0036 per share for FY2024, with the record date being 5 pm on 7 November.

Assuming that the settlement date falls after the record date, and the offeror does not receive the dividend for the offer shares, shareholders who elect will receive a cash consideration of $0.3564 per offer share.

Shareholders who prefer a combination consideration will receive $0.2964 in cash and one new offeror RPS for each offer share.

Silverlake Axis advises its shareholders to exercise caution when dealing with the company’s shares and consult their advisers when in doubt.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!