RE&S Acquisition by Relish Investments Receives Court Sanction; Shares to Delist in October

MT Newswires08-27

RE&S Holdings (SGX:1G1) said the court has sanctioned its proposed scheme of arrangement, which involves Relish Investments acquiring all issued ordinary shares in RE&S Holdings.

The scheme will become effective once the court order is lodged with the Accounting and Corporate Regulatory Authority of Singapore (ACRA), according to a Monday filing on the Singapore Exchange.

The record date for determining shareholder entitlements under the scheme is set for 5 pm Singapore time on Sept. 3. The last day for trading of RE&S Holdings shares is on Aug. 30, with trading suspension starting at 9 am on Sept. 2.

According to the indicative timetable, election forms are expected to be dispatched to shareholders around Sept. 6, with the deadline for submission set for about Sept. 20, at 5:30 pm.

The scheme is anticipated to become effective around Oct. 4. Payments for the scheme consideration will be made on or before Oct. 15, and the delisting of shares is expected to occur around Oct. 17.

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