Vard   

t.me/vardsg - SAY NO TO FINTECNA s VARD DELISTING

Send your proxy form soonest to avoid delisting, this is the last hope !

rabbitfoot      ( Date: 12-Jul-2018 15:40) Posted: If cant attend EGM, send your Proxy form now by putting in " Chairman of the meeting" as your proxy to votte " NO" to delisting.  The NRIC and Address of Proxy can leave as Blank. Send your form ASAP

 

post listing..won so many contracts not factored into share price..$0.25 ridiculous ex price..still want to delist..only Italian major share holder benefit

 

If cant attend EGM, send your Proxy form now by putting in " Chairman of the meeting" as your proxy to votte " NO" to delisting.  The NRIC and Address of Proxy can leave as Blank. Send your form ASAP

 

​ SGX has instructed Fincanteri/Vard to hold another EGM and correct the many errors in the offer document. A condition of this new EGM, YOU CAN NOW WITHDRAW YOUR ACCEPTANCE. You may have accepted the offer because you do not want to hold shares in an unlisted company. So this is your opportunity to STOP the delisting. First, withdraw your acceptance. Second, attend the next EGM and vote NO to the delisting. Ii' s your money and /or retirement investment.Dont give it away cheaply.VOTE NO. Tell your friends and let' s send a strong message to Fincanteri that the offer price is not acceptable because Vard is worth more. Strength in number!

 

VARD HOLDINGS LIMITED
Request for Trading Halt
08-May-2018 07:32:40

Extension of Trading Halt

Pending release of announcement, the Company has sought and obtained the SGX' s approval for an extension of trading halt by an additional two market days  until the end of Wednesday, 9 May 2018.

 

Please take note that Vard has made a correction to their earlier statement and now says: 

In light of the SGX-ST undertaking a review to determine whether Shareholders&rsquo approval for the Delisting Resolution has been properly obtained, which may affect the satisfaction of the Conditions, and upon consultation by the Offeror with the Securities Industry Council of Singapore, Citigroup wishes to state, for and on behalf of the Offeror, that contrary to the Unconditional Announcement and pending the outcome of the SGX-ST&rsquo s review, the Exit Offer has not become and is not declared to be unconditional in all respects as at the date of the Unconditional Announcement.

For the avoidance of doubt, acceptances which have been tendered in respect of the Exit Offer will not be settled until the Exit Offer becomes or is declared to be unconditional in all respects in accordance with its terms.   

The full announcement can be found here and was posted on SGX last night.

http://infopub.sgx.com/FileOpen/Correction%20Announcement_020518.ashx?App=Announcement& FileID=502892

Please DO NOT tender your shares for now. Wait for SGX' s ruling on the validity of the EGM first.


 

 

SIAS calls on Fincantieri to extend offer period for Vard

WED, MAY 02, 2018 - 6:18 PM
 

INVESTOR advocacy group Securities Investors Association Singapore (SIAS) has called on Fincantieri Oil & Gas to extend the offer period for Vard Holdings following a messy extraordinary general meeting (EGM) on Monday.

On the same day, Citigroup, acting on behalf of Fincantieri, declared the exit offer to be unconditional given that results at the EGM showed that the delisting resolution had been passed.

At the EGM, held for shareholders to vote on Vard' s voluntary delisting proposal, there had been confusion over whether the chairman was going to adjourn the vote after an error was discovered in the report by CIMB, the independent financial adviser to Vard' s independent directors.

Shareholders complained that Vard proceeded with the voting while they were still awaiting answers to their questions.

In a press statement on Wednesday, SIAS president and CEO David Gerald said that Vard shareholders have approached the group to express their unhappiness over the EGM.

" SIAS has been in contact with SGX and understands that RegCo has prioritised and will expedite its review of the conduct of the proceedings of the EGM and the issues raised regarding disclosures in the delisting circular to determine whether shareholders' approval for the delisting resolution was properly obtained," he said.

" Given that SGX is currently reviewing the conduct of the proceedings of the EGM, SIAS calls upon Fincantieri to extend the offer period to allow shareholders sufficient time to evaluate and accept the offer following the result of the SGX review."

The exit offer is currently open for acceptance until 5.30pm on May 14.

As part of the delisting exercise, Fincantieri is making an exit offer to buy the remaining shares that it does not own at 25 Singapore cents apiece. This is its second attempt, one Singapore cent more than its previous offer made in 2016.

As at April 30, 5pm, Fincantieri and its concert parties own and have agreed to acquire shares representing 83.77 per cent of Vard.

http://www.businesstimes.com.sg/companies-markets/sias-calls-on-fincantieri-to-extend-offer-period-for-vard

 

 

To be specific is the CCB Italian!!!

shyeo1223      ( Date: 02-May-2018 11:56) Posted: These ccb angmos deserved to be taught a big lesson. SGX, please show some class in managing this case to regain investor confidence.

 

These ccb angmos deserved to be taught a big lesson. SGX, please show some class in managing this case to regain investor confidence. 

 

No . The delisting is now suspended until SGX review is done.There are too many discrepancies at the EGM and I believe the delisting will not be approved by the exchange.SO do not be misled by Fincanteri FALSE announcement. DO NOT SELL YOUR SHARES until SGX review is done Hold on to your precious asset and not be robbed by Fincanteri.You will be rewarded if you are patient.Please pass this information to all your friends/family especially those who are not english literate and to those seniors citizens who are not equiped with the social media.Thank you.Lets show Fincanteri that we Singaporeans are no push over and we will DEMAND a good and fair price if they want to acqiure Vard and delist it.

 

http://www.businesstimes.com.sg/companies-markets/sgx-to-review-how-vards-delisting-egm-was-handled

 

 

Resoluation passed so means confirm delisting?

rabbitfoot      ( Date: 01-May-2018 08:38) Posted: Attended EGM Ytd, one lady J in particular impressed much, her knowledge is Power

 

Attended EGM Ytd, one lady J in particular impressed much, her knowledge is Power 

 

Download Telegram at Google Play store or Apple Store, look for Vardsg.           

Every vote counts! 

 

If you do not know how to fill up your proxy form.

visit facebook.com/vardsg       

join telegram t.me/vardsg

YOUR VOTE IS NEEDED!

 

Come on, one week to EGM, join below to vote even if you cant attend, by proxy 

 

Attention to All Vard Minority Shareholders, you have to do the right thing to stop Fincantieri from ' unfair' delisting !

Visit the minority community vard group here to find out more on how to exercise your right to stop the aggressor !
www.facebook.com/vardsg

download telegram to your phone or desktop join
t.me/vardsg     

Read up on Apollo investment funds- recommendation to vote against delisting!
Forced and unfair delistings: the Vard case
https://apolloinvestment.com/F180415Vard.htm

Act now before it' s too late!!!

 

ok got it

 

then go to www.t.me/vardsg  on voting if attend or can' t attend egm for cdp or cpf vard holder

cumulus      ( Date: 18-Apr-2018 09:52) Posted: I downloaded Telegram on my phone but don' t know how to join the group. Pls advise.

 

I downloaded Telegram on my phone but don' t know how to join the group. Pls advise.