Date: April 3, 2017
We draw your attention to the latest announcement on the offer for Auric Pacific, which indicates that the aggregate shareholdings (including valid acceptances) of the offeror and its concert parties is at 96.69% as at 30 March 2017. The full announcement can be viewed here.
Please note that the offer has been declared unconditional in all respects and will close on 7 April 2017 (Friday) at 5.30 p.m. Trading in Auric Pacific’s shares will be suspended on 10 April 2017, and Auric Pacific will be delisted on 17 April 2017. The offeror is not entitled to compulsorily acquire shares of shareholders who have not accepted the offer, and such shareholders are not entitled to require the offeror to acquire any of their shares.
If you choose not to accept the offer, you will be holding on to shares of a delisted company as Auric Pacific’s shares will no longer be eligible for trading on the Singapore Exchange after the delisting and the liquidity of Auric Pacific’s shares will be significantly reduced.
We wish to highlight the current situation and trust that you will make the right decision for your investment.
