Brief: IPC Corp proposes to undertake capital reduction exercise

IPC

17/12/2015 03:54

Dec 17 (Reuters) - IPC Corporation Ltd  IPCC.SI : 
 
 * Proposes to undertake a capital reduction exercise 
 * The company is proposing to return s$1.60 in cash for each share held by  shareholders 
 * Aggregate amount of approximately s$136.467 million will be returned to  shareholders pursuant to the proposed capital reduction 
 * Says the proposed capital reduction will be funded from existing cash and  cash equivalents 
 * Proposed capital reduction will not result in a cancellation of shares, or change in number of shares held by any shareholder 
 
* Source text for Eikon  ID:nSNZ9FxvZ6  
 
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