Declout

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#25
(21-11-2016, 08:02 PM)cyclone Wrote: Need such a hassle ? The buy back is only 3.4% of shares in issue. A dividend will just meet the goal of rewarding the shareholders. What do I miss ? 

DeClout commits S$7.2 million from Acclivis divestment  for its inaugural shareholders' reward

* Proposed buy-back of 23.0 million shares at S$0.315/share via an off-market equal access offer, representing 26% of the disposal gain
* Offer price equivalent to historical trading high and represents a 55% premium to loyal shareholders who subscribed for IPO and 1-for-2 rights issue
* Buy back up to 23,000,000 Shares representing approximately 3.4% of the 671,268,974 Shares in issue as at the date of this announcement.

Under the Equal Access Offer, Shareholders may nominate to sell all, part or none of their Shares. Each Shareholder will be entitled to accept the Equal Access Offer in respect of the Relevant Percentage of the Shares he or she holds as at the date on which the Equal Access Offer closes, fractional entitlements to be disregarded. In addition to the entitlement to sell the Entitled Shares, a Shareholder may tender Shares in excess of the Entitled Shares  for acceptance under the Equal Access Offer if other Shareholders do not accept their full entitlement under the Equal Access Offer.

If the total number of acceptances exceeds the Maximum Buyback Amount, the number of Excess Shares tendered by each accepting Shareholder will be reduced accordingly to ensure the Company buys back no more than the Maximum Buyback Amount.

More details in http://infopub.sgx.com/FileOpen/DeClout%...eID=430275

This is called being innovative. It's a tech company, right?  Cool
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Messages In This Thread
Declout - by propertyinvestor - 17-10-2012, 04:20 PM
RE: Declout Limited (IPO) - by Musicwhiz - 17-10-2012, 04:27 PM
RE: Declout Limited (IPO) - by wsreader - 17-10-2012, 06:33 PM
RE: Declout Limited (IPO) - by LionFlyer - 17-10-2012, 08:18 PM
RE: Declout Limited (IPO) - by propertyinvestor - 17-10-2012, 08:59 PM
RE: Declout Limited (IPO) - by cif5000 - 17-10-2012, 11:12 PM
RE: Declout Limited (IPO) - by Nick - 17-10-2012, 09:32 PM
RE: Declout Limited (IPO) - by yeokiwi - 17-10-2012, 09:44 PM
RE: Declout Limited (IPO) - by propertyinvestor - 18-10-2012, 01:06 PM
RE: Declout Limited (IPO) - by sgd - 17-10-2012, 11:17 PM
RE: Declout Limited (IPO) - by level13 - 18-10-2012, 11:20 AM
RE: Declout Limited (IPO) - by Musicwhiz - 18-10-2012, 11:22 AM
RE: Declout Limited (IPO) - by sgd - 18-10-2012, 01:46 PM
RE: Declout Limited (IPO) - by VestedInterest - 20-10-2012, 09:36 PM
RE: Declout Limited (IPO) - by LionFlyer - 20-10-2012, 10:19 PM
RE: Declout Limited (IPO) - by propertyinvestor - 21-10-2012, 09:04 AM
RE: Declout Limited (IPO) - by propertyinvestor - 23-10-2012, 11:39 PM
RE: Declout Limited (IPO) - by propertyinvestor - 24-10-2012, 09:17 AM
RE: Declout Limited (IPO) - by LionFlyer - 21-03-2013, 11:01 AM
RE: Declout - by nitenite - 05-11-2013, 06:15 PM
RE: Declout - by nitenite - 11-07-2014, 03:49 PM
RE: Declout - by CityFarmer - 06-10-2015, 10:00 PM
RE: Declout - by (cy) - 07-10-2015, 11:10 PM
RE: Declout - by cyclone - 21-11-2016, 08:02 PM
RE: Declout - by desmondxyz - 21-11-2016, 10:50 PM
RE: Declout - by specuvestor - 22-11-2016, 10:42 AM
RE: Declout - by cyclone - 07-01-2019, 10:31 PM
RE: Declout - by Shiyi - 07-01-2019, 11:28 PM
RE: Declout - by Shiyi - 07-01-2019, 11:36 PM
RE: Declout - by LionFlyer - 08-01-2019, 07:23 AM
RE: Declout - by Shiyi - 08-01-2019, 09:23 AM
RE: Declout - by Shiyi - 23-01-2019, 08:51 AM
RE: Declout - by Shiyi - 23-01-2019, 08:59 AM
RE: Declout - by mslee888 - 23-01-2019, 09:14 AM

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