News

Notice of a Change In The Percentage Level Of A Substantial Shareholder's Interest

>> PART I

 

1.

Date of notice to issuer *

29-03-2007

 

2.

Name of Substantial Shareholder *

Salerni International Limited ("Salerni")

 

3.	Please tick one or more appropriate box(es): *
	Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. [Please complete Part III and IV]

 

 

>> PART II

 

1.

Date of change of [Select Option]

 

2.

Name of Registered Holder

 

3.	Circumstance(s) giving rise to the interest or change in interest	[Select Option]
	# Please specify details

 

4.	Information relating to shares held in the name of the Registered Holder
	No. of [Select Option] held before the change   As a percentage of issued share capital %   No. of N.A. which are subject of this notice   As a percentage of issued share capital %   Amount of consideration (excluding brokerage and stamp duties) per share paid or received     No. of N.A. held after the change   As a percentage of issued share capital %

 

 

>> PART III

 

1.

Date of change of Deemed Interest

28-03-2007

 

2.

The change in the percentage level

From 74.33 % To 74.11 %

 

3.	Circumstance(s) giving rise to the interest or change in interest	# Others
	# Please specify details	Under the FP Distribution-in-specie (as defined in the Company's Circular to its Shareholders dated 11 December 2006), First Pacific Company Limited ("FPCL") has transferred and disposed 5,070,000 of its shares in the Company in order to meet and fund its obligations to its Shareholders. First Pacific Investments Limited ("FPIL") and First Pacific Investments (B.V.I.) Limited ("FPIL (BVI)") have each received 1,125,344 and 882,444 shares respectively, from FPCL under the FP Distribution-in-specie. Salerni owns more than 50% of the issued share capital of FPIL (BVI); FPIL (BVI) and FPIL collectively own more than 20% of the issued share capital of FPCL. By virtue of Sections 7 and 7(4A) of the Companies Act (Chapter 50) ("the Act"), FPIL (BVI) and FPIL are deemed to be interested in the shares owned by Indofood Singapore Holdings Pte. Ltd. ("ISHPL") and FPCL. Accordingly, by virtue of Section 7 of the Act, Salerni is deemed to be interested in the shares owned by ISHPL, FPCL, FPIL (BVI) and FPIL.

 

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 the transactions as described above.

 

 

>> PART IV

 

1.	Holdings of Substantial Shareholder , including direct and deemed interest :

 

	Direct	Deemed
No. of shares held before the change	0	1003270000
As a percentage of issued share capital	0 %	74.33 %
No. of shares held after the change	0	1000207788
As a percentage of issued share capital	0 %	74.11 %

 

Footnotes

CIMB-GK Securities Pte. Ltd. acted as the financial adviser to the Company in relation to the acquisition of the entire issued share capital of Indofood Oil & Fats Pte. Ltd.