Future version: Effective from 04 Jan 2027
Cross-referenced from Rules 814(1), 878 and 1206
(1) Apart from providing the information prescribed by the law, an issuer that is required to comply with the offer information statement requirements in the SFA must also provide the information set out in paragraphs 3(a), (b) and, if applicable, (c) below.
(2) An issuer that is not required to comply with the offer information statement requirements in the SFA is required to provide the same disclosures in its circular as an issuer that is required to comply with the SFA. The issuer is also required to provide the information set out in paragraphs (3)(a), (b), (d) and, if applicable, (c) below in its circular.
(3) The following information must be included in the offer information statement or circular, where applicable, OR announced separately before trading of nil-paid rights commences:—
(a) On the cover page of offer information statement or circular:—
Either (i) and (ii), or (iii) as applicable:—
(i) A statement that an application has been or will be made to SGX-ST for permission to list the securities which are the subject of the rights issue or bought deal and that acceptance of applications will be conditional upon issue of the securities and upon listing of the issued securities.
(ii) A statement that monies paid in respect of any application accepted will be returned if the listing of the securities does not proceed.
(iii) A statement that approval in-principle has been obtained from SGX-ST for listing of new securities arising from the rights issue or bought deal, which will commence after all securities certificates have been issued and the allotment letter from the CDP has been dispatched.
(iv) [Deleted]
(v) [Deleted]
(b) Working Capital
A review of the working capital for the last three financial years and the latest half year, if applicable.
A review of the working capital for the last three financial years and the latest half year, if applicable.
(c) Convertible Securities
(i) Where the rights issue or bought deal involves an issue of convertible securities, such as company warrants or convertible debt, the information in Rule 832;
(ii) Where the rights issue or bought deal is underwritten and the exercise or conversion price is based on a price-fixing formula, to state that the exercise or conversion price must be fixed and announced before trading of nil-paid rights commences.
(d) Responsibility Statement by the Financial Adviser
A responsibility statement by the financial adviser in the form set out in paragraph 3.1 of Practice Note 12.1.
A responsibility statement by the financial adviser in the form set out in paragraph 3.1 of Practice Note 12.1.
Amended on 29 September 2011, 7 February 2020 and 4 January 2027.