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News
Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest
1. |
Date of notice to issuer * |
05-11-2007 |
2. |
Name of Substantial Shareholder * |
Salerni International Limited ("Salerni") |
3. |
Please tick one or more appropriate box(es): * |
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Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. [Please complete Part III and IV]
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1. |
Date of change of [Select Option] |
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2. |
Name of Registered Holder |
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3. |
Circumstance(s) giving rise to the interest or change in interest |
[Select Option] |
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# Please specify details |
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4. |
Information relating to shares held in the name of the Registered Holder |
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No. of [Select Option] held before the change |
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As a percentage of issued share capital |
% |
No. of N.A. which are subject of this notice |
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As a percentage of issued share capital |
% |
Amount of consideration (excluding brokerage and stamp duties) per share paid or received |
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No. of N.A. held after the change |
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As a percentage of issued share capital |
% |
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1. |
Date of change of Deemed Interest |
02-11-2007 |
2. |
The change in the percentage level |
From 74.11 % To 69.09 % |
3. |
Circumstance(s) giving rise to the interest or change in interest |
# Others |
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# Please specify details |
Dilution of shareholding interest arising from the issue to Palm Capital Pte. Ltd., a company beneficially owned by Eddy Sariaatmadja, of 98,082,830 new ordinary shares in the capital of the Company (the "Shares") at S$1.2758 per new Share in consideration for the acquisition by the Company of 109,521,000 Lonsum Shares (as defined in the circular to shareholders of the Company dated 2 October 2007) (the "ES Acquisition"), resulting in the increase in the total number of issued Shares of the Company from 1,349,700,000 Shares (as at 1 November 2007) to 1,447,782,830 Shares (as at 2 November 2007).
Salerni owns more than 50% of the issued share capital of First Pacific Investments (B.V.I.) Limited ("FPIL (BVI)"). By virtue of Sections 7 and 7(4A) of the Companies Act (Cap. 50), FPIL (BVI) is deemed to be interested in the Shares held by Indofood Singapore Holdings Pte. Ltd. ("ISHPL"). Accordingly, by virtue of Section 7 of the Companies Act, Salerni is deemed to be interested in the Shares held by ISHPL, First Pacific Investments Limited and FPIL (BVI). |
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4. |
A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: |
The change in the percentage level is the result of a transaction as described above. |
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1. |
Holdings of Substantial Shareholder , including direct and deemed interest : |
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Direct
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Deemed
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No. of shares held before the change |
0 |
1000207788 |
As a percentage of issued share capital |
0 % |
74.11 % |
No. of shares held after the change |
0 |
1000207788 |
As a percentage of issued share capital |
0 % |
69.09 % |
Footnotes |
(1) Computed based on 1,349,700,000 issued Shares in the capital of the Company as at 1 November 2007 and rounded to 2 decimal places.
(2) Computed based on 1,447,782,830 issued Shares in the capital of the Company as at 2 November 2007 following the issue of new Shares pursuant to the ES Acquisition and rounded to 2 decimal places.
Any discrepancies in the percentages listed and the totals thereof are due to rounding.
**CIMB-GK Securities Pte. Ltd. was the financial adviser to the Company in relation to the acquisition of the entire issued share capital of Indofood Oil & Fats Pte. Ltd.** |
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