sph suspension and delist
Court sanctions Cuscaden takeover scheme; SPH's last day of trading on Apr 7
FRI, APR 01, 2022 - 1:08 PM
Assuming that the scheme takes effect on Apr 28, shareholders can expect to receive payment from the consideration they have opted for by May 11.
ST PHOTO: DESMOND WEE
CUSCADEN Peak's bid to acquire Singapore Press Holdings (SPH) via a scheme of arrangement was sanctioned in court on Friday (Apr 1).
The last day of trading for SPH will be Apr 7, before the group's shares are suspended from 9 am the following day and subsequently delisted on May 13.
Shareholders of SPH will have up until 5 pm on Apr 26 to elect their preferred consideration option of either an all-cash offer of S$2.36, or S$2.40 per share comprising S$1.602 cash and 0.782 of an SPH Real Estate Investment Trust (Reit) unit through a distribution-in-specie by SPH.
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jysilver : Hi I didn’t buy SPH via Moomoo but if I did, do you guys know where do I submit my option?
blur_guy OP : moomoo wil email you for action to take
blur_guy OP : if is by normal broker and shares in CDP, the option will be mailed to you to choose
Ken-low : So what is the default option if never choose?