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2. COURT SANCTION OF THE SCHEME
2.1. The Board wishes to announce that the Court has sanctioned the Scheme on 15 May 2025.
3. LAST DAY OF TRADING OF THE SHARES
The Board wishes to confirm that the last day of trading of the Shares (the " Last Trading Day" ) will be on Friday, 16 May 2025 and that trading of the Shares will be suspended on and from 9.00 a.m. on Monday, 19 May 2025.
4. NOTICE OF BOOKS CLOSURE DATE
Notice is hereby given that the Transfer Books and the Register of Members will close at 5.00 p.m. on Tuesday, 27 May 2025 (the " Books Closure Date" ) in order to determine the entitlements of the Scheme Shareholders in respect of the Scheme.
Expected date for payment of the Scheme Consideration On or around Friday, 6 June 2025
2.1. The Board wishes to announce that the Court has sanctioned the Scheme on 15 May 2025.
3. LAST DAY OF TRADING OF THE SHARES
The Board wishes to confirm that the last day of trading of the Shares (the " Last Trading Day" ) will be on Friday, 16 May 2025 and that trading of the Shares will be suspended on and from 9.00 a.m. on Monday, 19 May 2025.
4. NOTICE OF BOOKS CLOSURE DATE
Notice is hereby given that the Transfer Books and the Register of Members will close at 5.00 p.m. on Tuesday, 27 May 2025 (the " Books Closure Date" ) in order to determine the entitlements of the Scheme Shareholders in respect of the Scheme.
Expected date for payment of the Scheme Consideration On or around Friday, 6 June 2025
I think they will automatically pay the proceeds from sale of your shares to your account on payment date
Stand corrected however
Stand corrected however
I have not received any proposal to sell back the share. Has any one received?
spursfan ( Date: 15-Apr-2025 22:35) Posted:
https://links.sgx.com/1.0.0/corporate-announcements/GAWTY6CQXZEF40PQ/841239_20250415%20Japfa%20Scheme%20Meeting%20Results%20Announcement.pdf |
Japfa shareholders approve privatisation offer
Delisting is expected to fall on or around Jun 3, subject to regulatory approval
[SINGAPORE] Japfa&rsquo s shareholders approved the scheme resolution proposed by family members of the agri-food company&rsquo s founder to take the business private. Its delisting is expected to fall on or around Jun 3, subject to regulatory approval.
During the scheme meeting on Tuesday (Apr 15), 151 shareholders, or about 75.1 per cent of the scheme shareholders present and voting, agreed to the privatisation offer. This represented about 99.3 per cent of the scheme shares, higher than the approval benchmark of 75 per cent.
The expected last day of trading for the counter will fall on or around May 9, followed by books closure at 5 pm on May 20.
Subject to the grant of the court order and the satisfaction of all the scheme conditions, the scheme will become effective and binding upon the lodgement of the court order with the Accounting and Corporate Regulatory Authority of Singapore.
Japfa&rsquo s shareholders will receive the scheme consideration of S$0.62 per share in cash on or around May 30, based on an indicative timetable in the company&rsquo s bourse filing released after market closed on Tuesday.
In January, Japfa announced the joint privatisation offer by Renaldo and Gabriella Santosa, as well as Rachel Anastasia Kolonas, to acquire around 18.3 per cent of the company&rsquo s total issued shares for a 100 per cent control of its existing shares.
The two Santosas are children of the late Handojo Santosa &ndash Japfa&rsquo s former executive chairman and son of the company&rsquo s founder, the late Ferry Teguh Santosa. Kolonas is the daughter of Japfa&rsquo s non-executive director Hendrick Kolonas, who is the uncle of the two Santosa siblings.
The offer price represented a 34.8 per cent premium to the counter&rsquo s last &ldquo undisturbed&rdquo price on Jan 15, and a 12.7 per cent premium to the company&rsquo s net asset value per share as at Sep 30, 2024.
The company said the offer would allow shareholders to realise their investments at a premium to prevailing market prices, which might otherwise be unlikely given the shares&rsquo &ldquo low trading liquidity&rdquo . The privatisation would also allow Japfa to save on expenses for maintaining its listing, and to focus its resources on its business operations.
Chey.. non-event
offer has been approved at today scheme meeting
1.NEXT STEPS AND INDICATIVE TIMETABLE FOR THE SCHEME
3.1 In light of the approval by the Scheme Shareholders of the Scheme, the Company will be submitting its application to the Court for the sanction of the Scheme by the Court under Section 210 of the Companies Act (the " Court Order" ). 3.2 Subject to the grant of the Court Order and the satisfaction (or where applicable, waiver) of all the Scheme Conditions in accordance with the terms of the Implementation Agreement, the Scheme will become effective and binding upon the lodgement of the Court Order with the Accounting and Corporate Regulatory Authority of Singapore (" ACRA" ).
3.3 As set out in the Scheme Document, Shareholders should note the following indicative timetable in relation to the Scheme:
| Event | Date(1) |
| Expected date of Court hearing of the application to sanction the Scheme |
On or around 5 May 2025(2) |
| Expected last day of trading of the Shares |
On or around 9 May 2025 |
| Expected Books Closure Date |
On or around 20 May 2025, 5.00 p.m. |
| Expected Effective Date |
On or around 21 May 2025(3) |
| Expected date for payment of the Scheme Consideration |
On or around 30 May 2025 |
| Expected date for the Delisting of the Shares |
On or around 3 June 2025(4) |
https://links.sgx.com/1.0.0/corporate-announcements/GAWTY6CQXZEF40PQ/841239_20250415%20Japfa%20Scheme%20Meeting%20Results%20Announcement.pdf
哈 里 路 亚 上 呀 ☝ ️ 阿 弥 陀 佛 上 呀 ☝ ️
Hope revise offer price to 0.70
Suddenly trading halted.
john8758 ( Date: 30-Mar-2025 20:01) Posted:
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That means dividends are redundant😤
If you want to collect div company will pay you 0.61 per share (deducted from offer price)
I want to know whether JAPFA's dividend has any impact on the stock price.
Its 27th May....Ex div 19th May....
Smarty ( Date: 28-Mar-2025 21:14) Posted:
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When is payment date?
Japfa dividend 0.1 😴
Did I read correctly
Final dividend will be deducted from the offer price 0.62
Final dividend will be deducted from the offer price 0.62
halleluyah ( Date: 26-Mar-2025 14:32) Posted:
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tks bro spursfan...just hold till the outcome...
spursfan ( Date: 26-Mar-2025 14:26) Posted:
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read 2 to 2.3 regarding dividend payment
https://links.sgx.com/1.0.0/corporate-announcements/2GHG0WC53Q7SQXRU/835736_Announcement%20of%20Adjustment%20to%20Scheme%20Consideration.pdf
https://links.sgx.com/1.0.0/corporate-announcements/2GHG0WC53Q7SQXRU/835736_Announcement%20of%20Adjustment%20to%20Scheme%20Consideration.pdf
missing...next mth div
halleluyah ( Date: 26-Mar-2025 11:52) Posted:
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This is a first world country with third world stock exchange. IPO 80cents and want to privatize at 61.5 cents and all authorities just keep quiet.
Smarty ( Date: 26-Mar-2025 00:21) Posted:
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