Brief: Accrelist To Distribute About 48.32% Of Jubilee Shares To Its Shareholders

Accrelist

26/12/2019 13:32

Dec 26 (Reuters) - Accrelist Ltd  ACCR.SI :
    * WILL DISPOSE ABOUT 17.5% OF JUBILEE'S SHARES TO EG
INDUSTRIES AT
A PROPOSED PRICE OF S$6.95 MILLION
    * FOLLOWING PROPOSED DISPOSAL, GROUP PROPOSES TO DISTRIBUTE
REMAINING JUBILEE SHARES TO SHAREHOLDERS THROUGH DISTRIBUTION IN
SPECIE
    * TOTAL VALUE OF JUBILEE SHARES TO BE DISTRIBUTED IS
EQUIVALENT TO
S$12.49 MILLION OR S$0.0393 PER ACCRELIST SHARE
    * PROPOSED DISTRIBUTION OF 122.5 MILLION JUBILEE SHARES TO
BE
DISTRIBUTED ON BASIS OF 0.3855 JUBILEE SHARES FOR EACH ORDINARY
SHARE IN ACCRELIST
    * PROPOSED DISTRIBUTION WILL SEE ABOUT 48.32% OF JUBILEE'S
SHARES
DISTRIBUTED DIRECTLY TO ACCRELIST'S SHAREHOLDERS

Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ35L0Wt
Further company coverage:  ACCR.SI 

 ((Reuters.Briefs@thomsonreuters.com;))