回购股票
Company Amount Cum-Entitlement X-Entitlement
SIA 50¢ cash distribution / 1 : 15 cancellation at Sept 4 Sept 5
你才是老大,有钱人才买得起SIA啊!
现在$18.9,consider dividend of $0.5,cancel share @18.46 is still acceptable. Refer to statement below:
SIA's capital reduction plan was confirmed by Singapore's High Court on 14 Aug 07 and should become effective 7 Sep 07.
The sockholder register will be closed 5pm 7 Sep 07 for the purpose of determining entitlements to the cash distribution and the number of shares to be cancelled; the shareholders to whom the top-up offer will be made and administrative procedures. Entitled shareholders will receive a cash distribution of S$18.46 for each share cancelled.
The company proposes to cancel all old share certificates. Upon cancellation the company will issue new share certificates within 10 market days from the books closure date. For payment of the cash distribution entitled shareholders will have cheques despatched (ordinary post) by 10 October 2007.
Shares traded from 9am on 5 Sep 07 (Wednesday) will not be entitled to the cash distribution pursuant to the capital reduction.
With effect from 9am on 5 Sep 07 (Wednesday), Shareholders can only sell up to a maximum number of shares attributable to them consequent upon the Capital Reduction taking effect, based on the number of Shares held by them as at the close of trading on 4 September 2007 (Tuesday).
A Shareholder X who holds 1,000 shares as at the close of trading on 4 Sep 07 (Tuesday) will only be allowed to sell up to a maximum of 940 shares at or after 9am on 5 Sep 07 (Wednesday). Shareholder X will be entitled to receive a cash distribution of S$18.46 for each share cancelled, but the purchaser of shares from Shareholder X at or after 9am on 5 Sep 07 (Wednesday) will not receive any cash distribution nor will such shares purchased be subject to the capital reduction.
If Shareholder X sells 1,000 Shares at or after 9am on 5 Sep 07 (Wednesday), he will be short of 60 shares in his securities account on the settlement date and he will be subject to the usual buying-in procedures applied by the SGX-ST.
The SGX-ST has approved the listing and quotation for the Shares in board lots of 10 Shares for a period of 30 days starting from 9am on 5 Sep 07 (Wednesday). After the expiry of such 30-day period, the shares will trade in board lots of 1,000 shares and 200 shares only.
SIA has made special arrangements with DBS Vickers, UOB Kay Hian and OCBC Securities to reduce their minimum brokerage fees for trades on odd-lots from the usual S$40 - S$50 per contract to S$20 (excluding GST and SGX clearing and access fees) per contract for the 30-day period during which the temporary trading counter is in effect.
You will need to have a broking account with DBS Vickers, UOB Kay Hian or OCBC Securities to make use of this sale arrangement. If you do not have a broking account with them, you may apply to open one by visiting in person the office of the relevant broker (see detailed announcement, attached, for addresses).
IMPORTANT EVENTS AND DATES:
Last day to deposit old share certificates with CDP 31 August 2007
Last date and time of "cum" trading of the Shares 4 September 2007 at 5.00 p.m.
Commencement of "ex" trading of the Shares 5 September 2007 at 9.00 a.m.
1st day for shares to trade in board lots of 10 Shares 5 September 2007
Books Closure Date 7 September 2007 at 5.00 p.m.
Top-Up Offer despatch 15 September 2007
Last date/time to accept Top-Up Offer 29 September 2007 at 12.00 p.m.
Payment of Cash Distribution 10 October 2007
Credit of new Shares into securities accounts 10 October 2007
Despatch of new shares 10 October 2007
Commencement trading of new shares 11 October 2007 at 9.00 a.m.
Further details on the Top-Up Offer will be set out in the Top-Up Offer Document, which is expected to be despatched to shareholders on or around 15 Sep 07.