OSIM International's Chairman and CEO, Ron Sim, has raised his offer to buy the remaining 30.75% stake in the company he and his family do not own to $1.39 a share from $1.32 a share.
The final offer price represents a premium of about 38.8% and 40.6% to the volume-weighted average price a share for the corresponding one-month and three-month periods up to and including Feb 29 2016, respectively.
Shareholders who accept the offer will receive an amount that will be adjusted to reflect whether they have received the FY2015 final dividend of two cents a share, with effect from April 6, 2016, which is the books closure date.
Shareholders who do not receive the FY2015 final dividend will receive $1.39 a share. Those who receive the FY2015 final dividend will receive $1.37 a share, which is the final offer price less the FY2015 final dividend.
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The final offer price represents a premium of about 38.8% and 40.6% to the volume-weighted average price a share for the corresponding one-month and three-month periods up to and including Feb 29 2016, respectively.
Shareholders who accept the offer will receive an amount that will be adjusted to reflect whether they have received the FY2015 final dividend of two cents a share, with effect from April 6, 2016, which is the books closure date.
Shareholders who do not receive the FY2015 final dividend will receive $1.39 a share. Those who receive the FY2015 final dividend will receive $1.37 a share, which is the final offer price less the FY2015 final dividend.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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