Brief: Singapore Press Holdings Says Shareholders Approved Acquisition By Cuscaden Peak Of SPH

Paragon REIT

22/03/2022 09:01

March 22 (Reuters) - Singapore Press Holdings Ltd  SPRM.SI :
    * SHAREHOLDERS APPROVED DISTRIBUTION-IN-SPECIE BY SPH OF SPH
REIT
UNITS
    * APPROVED PROPOSED ACQUISITION BY CUSCADEN PEAK OF ALL
ISSUED &
PAID-UP ORDINARY SHARES IN CAPITAL OF SPH
    * WILL PROCEED TO APPLY TO COURT FOR SANCTION OF CUSCADEN
SCHEME,
WHICH IS EXPECTED TO TAKE PLACE ON OR AROUND 5 APRIL
    * SHAREHOLDERS CAN EXPECT TO RECEIVE PAYMENT OF
CONSIDERATION THEY
HAVE ELECTED FOR BY AROUND 11 MAY
    * SUBMITTED APPLICATION TO SGX-ST TO SEEK A WAIVER FROM
REQUIREMENT TO ANNOUNCE 1H2022 FINANCIAL STATEMENTS
    * SGX-ST ADVISED IT HAS NO OBJECTION TO WAIVER APPLICATION,
SUBJECT TO APPROVAL OF SHAREHOLDERS, AMONG OTHERS

Source text for Eikon:  ID:nSN4Cs5g8 
Further company coverage:  SPRM.SI 

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