OSIM INTERNATIONAL LTD
O23.SI
OSIM International: Announcement provides clarification on final offer price
- Following a trading halt made last week, the latest announcement released on 9 Apr clarified that upon consultation with SIC and for the avoidance of doubt, the final ex-FY15 Final Dividend Offer Price is S$1.39/share in cash, thus this effectively increases the final offer price (on a cum-dividend basis) from S$1.39 to S$1.41 per share.
- The offeror, Mr Ron Sim, will not further revise this final offer price of S$1.41.
- With this, the closing of the offer has been extended to 29 Apr (unless otherwise extended).
- As for the convertible bonds, for S$250,000 principal amount of convertible bonds, the final offer price is S$95,580.19 in cash.
- The trading halt will also be lifted and shares will resume trading today (11 Apr).
- We have recommended investors to accept the offer.
Jodie Foo
OCBC Securities
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http://www.ocbcresearch.com/
2016-04-11
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