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# 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 First Pacific Investments (B.V.I.) Limited ("FPIL (BVI)") and First Pacific Investments Limited ("FPIL") (members of the Salim Group (as defined in the Circular)), have interests in an aggregate of 2,127,788 Shares by virtue of their entitlements under the FP Distribution-in-specie.
Salerni owns more than 50% of the issued share capital of FPIL (BVI). By virtue of Sections 7 and 7(4A) of the Companies Act (Chapter 50), FPIL (BVI) is deemed to be interested in the Shares owned by ISHPL and First Pacific and the Shares in respect of which FPIL (BVI) and FPIL have an interest under the FP Distribution-in-specie. Accordingly, by virtue of Section 7 of the Companies Act, Salerni is deemed to be interested in the Shares owned by ISHPL and First Pacific and the Shares in respect of which FPIL (BVI) and FPIL have an interest under the FP Distribution-in-specie.
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