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News Release - 14 Jan 2000
News Release - 14 Jan 2000
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Proposed Scheme
Of Arrangement To Reorganise The Share Capital Of United Overseas Finance Limited
("The Scheme") For The Purpose Of Privatising United Overseas Finance Limited
(UOF) Notice Of Closure Of Books For Determining Entitlements Of Shareholders
Notice is hereby given that the Transfer Books and Register
of Members of the Company will be closed at 5.00 pm on 31 January 2000 (the "Books
Closure Date") for the purpose of determining Shareholders' entitlements to payment
of the consideration of S$2.00 per UOF Share (the "Consideration") under the Scheme.
The Books Closure Date is subject to the Scheme being sanctioned by the High Court
of Singapore ("Court Approval"). Subject to the Court Approval: - Shareholders
(being Depositors) whose Securities Accounts with The Central Depository (Pte)
Limited (CDP) are credited with UOF Shares as at 5.00 pm on the Books Closure
Date will be paid the Consideration on the basis of the number of UOF Shares standing
to the credit of their Securities Accounts with CDP as at that date; and
- Shareholders
(not being Depositors) whose names are registered in the Register of Members of
the Company as at 5.00 pm on the Books Closure Date will be paid the Consideration
on the basis of the number of UOF Shares standing to their names in the Register
of Members of the Company. Duly completed and stamped transfers in respect of
UOF Shares not registered in the name of CDP together with all relevant documents
of title received up to the close of business as at 5.00 pm on the Books Closure
Date by the Company's Share Registrar, Lim Associates (Pte) Ltd, 10 Collyer Quay,
#19-08, Ocean Building, Singapore 049315, will be registered to determine Shareholders'
entitlements to the Consideration.
Shareholders will be entitled to receive
the Consideration in accordance with the number of UOF Shares they hold as at
the Books Closure Date. A further announcement as to whether Court Approval
has been obtained will be made after the hearing for the Court Approval, which
is fixed for 19 January 2000. Unless otherwise defined, terms used in this
Announcement shall have the same meanings as defined in the Scheme. Important Events And Dates
Shareholders should note the following important events and dates:
| Event
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Date
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| Expected Last Day For Trading Of UOF Shares
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24 January 2000 |
| Books Closure Date |
31 January 2000 at 5.00 pm |
| Expected Relevant Date |
1 February 2000 |
| Expected Effective Date Of The Scheme |
2 February 2000 |
| Expected Date Of Delisting Of UOF Shares |
3 February 2000 |
By Order Of The Board
Mrs Vivien Chan
Company Secretary
Singapore, 14 January 2000
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