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Sunningdale - Proposed acquisition by SunRise
in consideration of the transfer of the Scheme Shares referred to in paragraph 3.1.1 above, each Scheme Shareholder as at the Record Date will be entitled to receive for each Scheme Share (the “Scheme Consideration”), at their election:
(i) S$1.55 in cash (the “Cash Consideration”); or
(ii) in lieu of the Cash Consideration, 1,550 HoldCo Shares, which HoldCo shall allot and issue, duly authorised, fully paid and free from all Encumbrances, at an issue price of S$0.001 per HoldCo Share (the “Issue Price”, and such 4 consideration the “Scrip Consideration”), provided always that no more than 49,834,136,123 HoldCo Shares, subject to the adjustment in paragraph 3.1.4 below, may be issued as Scrip Consideration (the “Maximum Number”).
Stay home and stay safe, everyone.
in consideration of the transfer of the Scheme Shares referred to in paragraph 3.1.1 above, each Scheme Shareholder as at the Record Date will be entitled to receive for each Scheme Share (the “Scheme Consideration”), at their election:
(i) S$1.55 in cash (the “Cash Consideration”); or
(ii) in lieu of the Cash Consideration, 1,550 HoldCo Shares, which HoldCo shall allot and issue, duly authorised, fully paid and free from all Encumbrances, at an issue price of S$0.001 per HoldCo Share (the “Issue Price”, and such 4 consideration the “Scrip Consideration”), provided always that no more than 49,834,136,123 HoldCo Shares, subject to the adjustment in paragraph 3.1.4 below, may be issued as Scrip Consideration (the “Maximum Number”).
Stay home and stay safe, everyone.