Adampak

(19-04-2012, 12:11 PM)freedom Wrote:

(19-04-2012, 12:02 PM)Some-one Wrote: Pardon me if I got it wrong since I am not a lawyer. I was reading page 11 of the document. Section 2.6 (f) states

"Although no revision of the the Offer Price is contemplated by the Offerer (except that the Offeror reserves the right to do so in a competitive situation), if the Offer is revised, it will remain open for acceptance for at least 14 days from the date of despatch of the written notification of the revision to Shareholders. All Shareholders who have already accepted the Offer will also receive the benefit of any revised Offer"

Doesn't the bold part states clearly that even if I am to accept the offer now, if there are revision to the price, I would still be entitled to the revised offer?

yes. that's why I say navis would close the first offer so that those accept the first offer will not benefit from subsequent higher offer if there is one.

Just to let all know the following relevant requirement from take-over code. It mean if you just close one offer, and it will take you another 1 year before you can do it again, without go thru the SGX approval.

Just to share

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16.7 Council's consent for subsequent offers
Any person who intends to make a partial offer for the same offeree company within
12 months from the date of the close of a previous partial offer (whether successful
or not) must seek the Council's prior consent. The Council will not normally grant its
consent unless the subsequent partial offer is, as would be normally required,
recommended by the board of the offeree company and propose d to be made by a
person not acting in concert with the previous offeror. All such subsequent partial
offers must comply with all the requirements in this Rule.
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Hi, May I know is there anyone holding Adampak shares through Standard Charter Bank?

(19-04-2012, 02:23 PM)CityFarmer Wrote:

(19-04-2012, 12:11 PM)freedom Wrote:

(19-04-2012, 12:02 PM)Some-one Wrote: Pardon me if I got it wrong since I am not a lawyer. I was reading page 11 of the document. Section 2.6 (f) states

"Although no revision of the the Offer Price is contemplated by the Offerer (except that the Offeror reserves the right to do so in a competitive situation), if the Offer is revised, it will remain open for acceptance for at least 14 days from the date of despatch of the written notification of the revision to Shareholders. All Shareholders who have already accepted the Offer will also receive the benefit of any revised Offer"

Doesn't the bold part states clearly that even if I am to accept the offer now, if there are revision to the price, I would still be entitled to the revised offer?

yes. that's why I say navis would close the first offer so that those accept the first offer will not benefit from subsequent higher offer if there is one.

Just to let all know the following relevant requirement from take-over code. It mean if you just close one offer, and it will take you another 1 year before you can do it again, without go thru the SGX approval.

Just to share

-------------------
16.7 Council's consent for subsequent offers
Any person who intends to make a partial offer for the same offeree company within
12 months from the date of the close of a previous partial offer (whether successful
or not) must seek the Council's prior consent. The Council will not normally grant its
consent unless the subsequent partial offer is, as would be normally required,
recommended by the board of the offeree company and propose d to be made by a
person not acting in concert with the previous offeror. All such subsequent partial
offers must comply with all the requirements in this Rule.
---------

yes, exactly.

if Navis wants another offer, it would take it another year.

(19-04-2012, 05:48 PM)Pursuitofknowledge Wrote: Hi, May I know is there anyone holding Adampak shares through Standard Charter Bank?

Hi, Just to add on something

SCRIP SHAREHOLDERS
2.1 Shareholders whose Shares are not deposited with CDP
If you hold Offer Shares which are not deposited with CDP (“in scrip form”), you should receive this Offer Document together with the FAT.

Can anyone help me clarify my doubts, as I'm holding share through SCB, does this means I'm a scrip shareholders?

Pursuitofknowledge Wrote:Can anyone help me clarify my doubts, as I'm holding share through SCB, does this means I'm a scrip shareholders?

Scrip shareholders are those who hold physical share certificates i.e. actual pieces of paper that say XXX is the holder of YYY shares in ZZZ company, and that are authenticated with the company seal. Everyone else is holding scripless shares.

CDP went scripless a long time ago. Nowadays if you want physical scrip you have to apply to CDP to withdraw your shares in scrip, then they will issue you said pieces of paper.

i don't mind holding on to physical share certificates. those in the US looks so nice and give you a sense of ownership of the company.

http://www.gildedlife.com/wp-content/upl...atured.jpg

navis offer for all the shares amounts to less than $150m. anyone has peter lim's contact? is it ok to try calling him up? or maybe he is unaware of such a small cute prized gem?

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(19-04-2012, 07:23 PM)shanrui_91 Wrote: i don't mind holding on to physical share certificates. those in the US looks so nice and give you a sense of ownership of the company.
http://www.gildedlife.com/wp-content/upl...atured.jpg

the problem with scrip is that it may come in small denomination..and that why headache comes in..

(19-04-2012, 07:23 PM)shanrui_91 Wrote: i don't mind holding on to physical share certificates. those in the US looks so nice and give you a sense of ownership of the company.

http://www.gildedlife.com/wp-content/upl...atured.jpg

One of my friend who forgot to register his Scrip after transcation during the old day. All dividends and other benefits went to the last registered owner without his awareness.

This is probably one good reason to go scripless now with CDP

If u have a scrip for 10lots and u want to sell only 5 lots, does it mean u have to send your scrip back to cdp and ask them to issue a new scrip for 5 lots? Can't imagine the complicated life during the scrip era.

(19-04-2012, 10:22 PM)pianist Wrote: navis offer for all the shares amounts to less than $150m. anyone has peter lim's contact? is it ok to try calling him up? or maybe he is unaware of such a small cute prized gem?

If I am an interested 3rd party (if it ever exist or even sensible to do it?), what imaginary game plan should i employ?

It has to be ASAP, since the share hold by navis reaches ~60%. It should plan to acquire >10% (otherwise is a "sure-lose") or a more comfort holding of ~25% with the 1st announcement, probably with an irrevacable undertaking. The new offer price should be marginally above the navis offer price.

Then the 3rd party will occupy a good position for negotiation.

Every 1cts increase by Navis will cost 2.6 Mils. I hope my math does not fail me.