공지 • Jan 02
Silverlake Axis Expects to Delist from SGX Effective January 03, 2025 On 26 August 2024 by United Overseas Bank Limited (“UOB”) for and on behalf of E2I Ltd. (formerly known as E2I Pte. Ltd.) (“Offeror”) relating to, inter alia, the voluntary unconditional offer (“Offer”) for all the issued and paid-up ordinary shares (“Shares”) in the capital of the Company other than those already held by the Silverlake Axis Ltd. as treasury shares and those already owned, controlled or agreed to be acquired by the Offeror as at the date of the Offer in accordance with Rule 15 of the Singapore Code on Take-overs and Mergers (“Offer Announcement”). The Offeror has on 26 December 2024 exercised its right of Compulsory Acquisition pursuant to Section 215(1) of the Companies Act to compulsorily acquire all the Shares of the Dissenting Shareholders. The Company understands from the Offeror that the Compulsory Acquisition is expected to be completed on or around 2 January 2025. Following the completion of the Compulsory Acquisition, the Offeror will own all the Shares of the Company. Accordingly, the Board wishes to announce that the Company will be delisted from the SGX-ST with effect from 9.00 a.m. (Singapore time) on 3 January 2025 following the completion of the Compulsory Acquisition. 공지 • Nov 19
Zezz FundQ Pte. Ltd. completed the acquisition of remaining 25.93% stake in Silverlake Axis Ltd. (SGX:5CP). Zezz FundQ Pte. Ltd. proposed to acquire remaining 25.93% stake in Silverlake Axis Ltd. (SGX:5CP) for SGD310 million on August 26, 2024. A cash consideration will be paid by Zezz FundQ Pte. Ltd. As part of consideration, an undisclosed value is paid towards common equity of Silverlake Axis Ltd. Upon completion, Zezz FundQ Pte. Ltd. will own 100% stake in Silverlake Axis Ltd. Zezz FundQ Pte. Ltd. has obtained financing from UOB. As of September 9, 2024 Offer Document was dispatched to the shareholders. As of September 27, 2024 Zezz FundQ Pte. Ltd. have received the acceptance of approximately 78% stake. As of October 4, 2024, the expected closing date has been extended to October 21, 2024. As of October 18, 2024, the expected closing date has been extended to November 18, 2024. As of November 14, 2024, the Offeror has received valid acceptances pursuant to the Offer which, together with the Market Purchases, amount to 92.95% of the total number of issued Shares. Accordingly, the Offeror is now entitled to, and intends to, exercise its right under Section 215(1) of the Companies Act to compulsorily acquire all the Shares of the Non-Assenting Shareholders at the Offer Consideration. Subsequent to such compulsory acquisition, the Offeror will proceed to delist the Company from the SGX-ST. There will be no further extensions of the Offer and the Offer will not be open for acceptance beyond November 18, 2024. Acceptances received after the Final Closing Date will be rejected.
United Overseas Bank Limited (SGX:U11) acted as financial advisor to Zezz FundQ Pte. Ltd. PrimePartners Corporate Finance Pte. Ltd. acted as financial advisor to Silverlake Axis Ltd.
Zezz FundQ Pte. Ltd. completed the acquisition of remaining 25.93% stake in Silverlake Axis Ltd. (SGX:5CP) on November 18, 2024. 공지 • Nov 14
Silverlake Axis Ltd. Approves Declaration of A Final Tax Exempt 1-Tier Dividend for the Financial Year Ended 30 June 2024, Payable November 15,2024 Silverlake Axis Ltd. approved declaration of a final tax exempt 1-tier dividend of Singapore 0.36 cents per ordinary share for the financial year ended 30 June 2024 as recommended by the Directors. recommended by the Directors. The proposed final dividend, if approved, would be paid on 15 November 2024. 공지 • Oct 11
Silverlake Axis Ltd.(SGX:5CP) dropped from S&P Global BMI Index Silverlake Axis Ltd.(SGX:5CP) dropped from S&P Global BMI Index 공지 • Oct 10
Silverlake Axis Ltd., Annual General Meeting, Oct 25, 2024 Silverlake Axis Ltd., Annual General Meeting, Oct 25, 2024, at 14:00 Singapore Standard Time. Location: atrium ballroom, holiday inn singapore atrium, 317 outram road, singapore 169075, Singapore 공지 • Oct 08
Silverlake Axis Likely to Delist Silverlake Axis Ltd. on Oct. 7, evening said it has lost its free float and may be delisted, now that it no longer meets the free-float requirement of the Singapore Exchange (SGX). As at 5.30 pm on Oct. 7, the total number of shares owned, controlled or agreed to be acquired by the offeror E2I, as well as valid acceptances of the offer, amounted to 2.3 billion shares. This represents 90.5% of total shares. That means that less than 10% of the enterprise technology company's shares are now held by the public. The SGX requires companies to ensure that at least 10% of their total number of shares are held in public hands, a rule that is also known as the free-float requirement. In a bourse filing, Silverlake said that it has no intention of preserving the company's listing status, nor will it support any action or take any steps to maintain the status, if the free-float requirement is not met and trading of shares on the SGX is suspended. E2I -- wholly owned by Silverlake's controlling shareholder Zezz FundQ and led by its chairman Goh Peng Ooi -- also reserves the right to seek a voluntary delisting of the company, it said. Strict compliance with the voluntary delisting rules could be waived if the offer is "fair and reasonable", and the offeror has received acceptances from independent shareholders at the close of the offer representing a majority of at least 75% of the shares. But should Silverlake fail to meet the conditions for a voluntary delisting, it will be obliged to comply with the listing manual, including restoring its public float through private placement or otherwise. "Shareholders and investors should note there is the risk that the company may be subject to prolonged suspension if both the free-float requirement and the requisite conditions for a delisting are not met," Silverlake added. 
