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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 * |
14-02-2007 |
| 2. |
Name of Substantial Shareholder * |
FIRST PACIFIC INVESTMENTS (B.V.I.) LIMITED ("FPIL (BVI)") |
| 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] |
| 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 |
% | |
| 1. |
Date of change of Deemed Interest |
13-02-2007 |
| 2. |
The change in the percentage level |
From 98.67 % To 74.33 % |
| 3. |
Circumstance(s) giving rise to the interest or change in interest |
# Others |
| |
# Please specify details |
Dilution of shareholding interest arising from the issue of new consolidated shares in the capital of the Company ("Shares") pursuant to the Placement (as defined in the circular (the "Circular") to shareholders of the Company dated 11 December 2006) resulting in the increase in the total number of issued Shares of the Company from 1,011,700,000 (as at 12 February 2007) to 1,349,700,000 (as at 13 February 2007).
Indofood Singapore Holdings Pte. Ltd. ("ISHPL") owns 998,200,000 Shares as at 13 February 2007. In addition, the Company allotted and issued 5,070,000 Shares under the Placement to First Pacific Company Limited ("First Pacific") for the purposes of the FP Distribution-in-specie (as defined in the Circular), out of which FPIL (BVI) and First Pacific Investments Limited ("FPIL") have interests in 942,444 and 1,185,344 Shares, respectively, by virtue of their entitlements under the FP Distribution-in-specie.
(i) FPIL (BVI) together with FPIL collectively own more than 20% of the issued share capital of First Pacific. By virtue of Section 7(4A) of the Companies Act (Chapter 50), FPIL (BVI) is deemed to be interested in the Shares owned by First Pacific. (ii) By virtue of Section 7 of the Companies Act (Chapter 50), First Pacific is deemed to be interested in the Shares owned by ISHPL. Accordingly, by virtue of Section 7(4A) of the Companies Act (Chapter 50), FPIL (BVI) is deemed to be interested in the Shares owned by ISHPL. (iii) By virtue of Section 7(4A) of the Companies Act (Chapter 50), FPIL (BVI) is deemed to be interested in the Shares in respect of which FPIL has an interest under the FP Distribution-in-specie. | |
| 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. | |
| 1. |
Holdings of Substantial Shareholder , including direct and deemed interest : |
 |
Direct |
Deemed |
| No. of shares held before the change |
0 |
998200000 |
| As a percentage of issued share capital |
0 % |
98.67 % |
| No. of shares held after the change |
0 |
1003270000 |
| As a percentage of issued share capital |
0 % |
74.33 % |
| Footnotes |
(1) Following the consolidation of every ten ordinary shares in the capital of the Company into one Share on 9 February 2007, the 9,982,000,000 ordinary shares owned by ISHPL have been consolidated into 998,200,000 Shares.
(2) FPIL (BVI)'s deemed shareholding interest of 98.67% was computed based on 1,011,700,000 issued Shares in the capital of the Company as at 12 February 2007 and rounded to 2 decimal places.
(3) FPIL (BVI)'s deemed shareholding interest of 74.33% was computed based on 1,349,700,000 issued Shares in the capital of the Company as at 13 February 2007 and rounded to 2 decimal places.
(4) CIMB-GK Securities Pte. Ltd. acted as the financial adviser to the Company in relation to the acquisition of the entire share capital of Indofood Oil & Fats Pte. Ltd. | |