Press Statement – Proposed treatment of shareholders on Primary Restructuring by Noble Group Limited

Date: April 5, 2018

SIAS refers to the statement by SGX RegCo reviews Noble Group Limited’s Restructuring Support Agreement. We are pleased to note that SGX RegCo is of the view “that shareholders should have the freedom of choice in voting on the Primary Restructuring”. SIAS strongly supports the SGX RegCo’s view and has in fact been in discussion with SGX RegCo. It will not be fair for the shareholders who vote against not to receive any shares in the new company. This disparity in treatment must be removed by Noble Group Limited as it would be unfair.

David Gerald
President & CEO
Securities Investors Association (Singapore)