Silverlake Axis taps PrimePartners Corporate Finance as IFA for privatisation offer

Silverlake Axis plans to go private at $0.36 per share.

Silverlake Axis has appointed PrimePartners Corporate Finance as the independent financial adviser (IFA) to advise independent directors of the company on making a recommendation to shareholders regarding the offer.

On 26 August, Silverlake Axis made a voluntary unconditional offer for all its issued and paid-up ordinary shares at $0.36 in cash each.

A circular with the IFA's advice and directors' recommendation on the offer will be sent to shareholders within 14 days of the offer document's electronic dissemination.

Shareholders are advised to exercise caution and avoid any action on their shares until reviewing the Offeree Circular, including the directors' recommendation and IFA advice.

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