APPLICATIONS AND INDICATIONS OF INTEREST RECEIVED
The Board of Directors of the Manager is pleased to announce that at the close of the Offering (as defined in the Prospectus), 27,876 valid applications pursuant to the Public Offer were received for a total of approximately 712,807,000 Units (excluding the 28,000,000 Reserved Units which have been applied for by the Eligible Applicants). In addition, indications of interest pursuant to the Placement Tranche were received for a total of approximately 20.975 billion Units. The total demand for approximately 21.716 billion Units under the Offering represents approximately 35 times the 629,068,000 Units available for subscription under the Offering (assuming the Over-Allotment Option is fully exercised).
To allow, among other things, sufficient time for the allocation of Units to overseas investors to be completed, an announcement of the allocation and spread of investors in respect of the Placement Tranche will be made via SGXNET before the commencement of trading in the Units on a “ready” basis on the Singapore Exchange Securities Trading Limited (the “SGX-ST”), which is expected to be 2.00 p.m. on 20 September 2005.
APPLICATION RESULTS FOR THE PUBLIC OFFER
To ensure a reasonable spread of unitholders, DBS Bank Ltd, Deutsche Bank AG, Singapore Branch, J.P. Morgan (S.E.A.) Limited and Macquarie Securities (Singapore) Pte. Limited (collectively, the “Joint Lead Underwriters and Bookrunners”), in consultation with the Manager, have decided that successful applicants who submitted valid applications for the 30,000,000 Units available under the Public Offer (excluding the Reserved Units) complying in full with the terms and conditions set out in the Prospectus, and who have been successfully balloted, will be allocated all or a proportion of the Units for which they have applied. The allocations are as follows:
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| Range of Units applied for under the Public Offer ('000) | Balloting | Number of Units allocated per Successful Applicant ('000) |
|---|---|---|
1 | 17 : 50 | 1 |
2 to 9 | 18 : 50 | 2 |
10 to 49 | 19 : 50 | 3 |
50 to 99 | 20 : 50 | 4 |
100 to 499 | 21 : 50 | 5 |
500 to 999 | 22 : 50 | 7 |
1,000 and above | 25 : 50 | 12 |
1 comment:
Did not manage to get the IPO
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