PROPOSED ACQUISITION OF SINGAPORE PRESS HOLDINGS BY WAY OF A
SCHEME OF ARRANGEMENT
DEALINGS DISCLOSURE
1. INTRODUCTION
J. P. Morgan (S.E.A.) Limited ("JPMSEAL") refers to the proposed scheme of arrangement (the "Scheme") to be undertaken by Singapore Press Holdings Limited (the "Company") and Keppel Pegasus Pte. Ltd. (the "Offeror") (which is a wholly-owned subsidiary of Keppel Corporation Limited ("KCL")) pursuant to Section 210 of the Companies Act, Chapter 50 of Singapore, involving, inter alia, (i) the distribution of units in SPH REIT held by the Company to the shareholders of the Company on a pro-rata basis and (ii) the Offeror acquiring the entire share capital of the Company (other than those already owned, controlled or agreed to be acquired by the Offeror and its concert parties), the consideration for which include units in Keppel REIT, which was announced on 2 August 2021 (the "Joint Announcement").
As stated in the Joint Announcement, JPMSEAL is the financial adviser to the Offeror in respect of the Scheme.
All capitalised terms used and not defined herein shall have the same meanings given to them in the Joint Announcement.
2. DISCLOSURE OF DEALINGS
Pursuant to Rule 12.1 of the Singapore Code on Take-overs and Mergers (the "Code") and the Practice Statement on the Exemption of Connected Fund Managers and Principal Traders under the Code, JPMSEAL wishes to announce the dealings by its associates in the relevant securities of Keppel REIT on 3 August 2021, details of which are set out in the Schedule hereto.
Issued by
J.P. Morgan (S.E.A.) Limited
4 August 2021
Singapore
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Schedule
Dealing in | |||||||||
Units | |||||||||
Resultant | |||||||||
Total Amount | Total of | % of | |||||||
Highest and Lowest | Equivalent | Resultant | |||||||
Date of | Name of Relevant Entity and (if different) name of the | Description | Number | Price | (Paid)/ | ||||
Nature of Transaction | Prices Paid or | units owned | Total of | ||||||
Dealing | ultimate beneficial owner or controller | of Security | of Units | (SGD) | (Received) | ||||
Received (SGD) | or controlled | Equivalent | |||||||
(SGD) | |||||||||
by | units | ||||||||
the associate |
Buy/Sell | Product Type | Nature of Dealing | Highest | Lowest | ||||||||||||||||||||||||||||||||||||||
3-Aug-21 | J.P. MORGAN SECURITIES PLC (dealing as principal) | KEPPEL REIT | Sell | REIT | Index hedge | (85,000) | 1.15 | 1.15 | 1.15 | 97,710.90 | 17,402,708 | 0.47% | ||||||||||||||||||||||||||||||
3-Aug-21 | J.P. MORGAN SECURITIES PLC (dealing as principal) | KEPPEL REIT | Buy | REIT | Swap Hedge | 2,089,900 | 1.14 | 1.15 | 1.13 | 2,375,885.16 | 19,492,608 | 0.53% | ||||||||||||||||||||||||||||||
3-Aug-21 | J.P. MORGAN SECURITIES PLC (dealing as principal) | KEPPEL REIT | Buy | REIT | Swap Hedge | 137,700 | 1.13 | 1.15 | 1.13 | 155,663.24 | 19,630,308 | 0.53% | ||||||||||||||||||||||||||||||
3-Aug-21 | J.P. MORGAN SECURITIES PLC (dealing as principal) | KEPPEL REIT | Buy | REIT | Swap Hedge | 204,600 | 1.14 | 1.14 | 1.14 | 233,366.76 | 19,834,908 | 0.54% | ||||||||||||||||||||||||||||||
3-Aug-21 | J.P. MORGAN SECURITIES PLC (dealing as principal) | KEPPEL REIT | Buy | REIT | Swap Hedge | 51,200 | 1.14 | 1.14 | 1.14 | 58,398.72 | 19,886,108 | 0.54% | ||||||||||||||||||||||||||||||
3-Aug-21 | J.P. MORGAN SECURITIES PLC (dealing as principal) | KEPPEL REIT | Buy | REIT | Swap Hedge | 10,000 | 1.15 | 1.15 | 1.15 | 11,507.00 | 19,896,108 | 0.54% | ||||||||||||||||||||||||||||||
Dealings in | ||||||||||||||||||||||||||||||||||||||||||
Derivatives in | ||||||||||||||||||||||||||||||||||||||||||
respect of Units | ||||||||||||||||||||||||||||||||||||||||||
Number of Units | Maturity | Closing Out | Total Amount | |||||||||||||||||||||||||||||||||||||||
Name of Relevant Entity and (if different) name of the | Description of | Reference | (Paid)/ | |||||||||||||||||||||||||||||||||||||||
Date of Dealing | Nature of Transaction | to which the | (Date)/ | Date (if | ||||||||||||||||||||||||||||||||||||||
ultimate beneficial owner or controller | Security | Price (SGD) | (Received) | |||||||||||||||||||||||||||||||||||||||
Derivatives relate | (Period) | applicable) | ||||||||||||||||||||||||||||||||||||||||
(SGD) | ||||||||||||||||||||||||||||||||||||||||||
Buy/Sell | Product Type | Nature of Dealing | ||||||||||||||||||||||||||||||||||||||||
3-Aug-21 | J.P. MORGAN SECURITIES PLC (dealing as principal) | KEPPEL REIT | Sell | REIT | Swap | (204,600) | 8-Aug-22 | - | 1.14 | 233,366.76 | ||||||||||||||||||||||||||||||||
3-Aug-21 | J.P. MORGAN SECURITIES PLC (dealing as principal) | KEPPEL REIT | Sell | REIT | Swap | (51,200) | 8-Aug-22 | - | 1.14 | 58,398.72 | ||||||||||||||||||||||||||||||||
3-Aug-21 | J.P. MORGAN SECURITIES PLC (dealing as principal) | KEPPEL REIT | Sell | REIT | Swap | (10,000) | 3-Aug-22 | - | 1.15 | 11,507.00 | ||||||||||||||||||||||||||||||||
3-Aug-21 | J.P. MORGAN SECURITIES PLC (dealing as principal) | KEPPEL REIT | Sell | REIT | Swap | (2,089,900) | 19-Oct-22 | - | 1.14 | 2,374,935.19 | ||||||||||||||||||||||||||||||||
3-Aug-21 | J.P. MORGAN SECURITIES PLC (dealing as principal) | KEPPEL REIT | Sell | REIT | Swap | (137,700) | 19-Oct-22 | - | 1.13 | 155,601.00 | ||||||||||||||||||||||||||||||||
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Keppel REIT published this content on 04 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2021 03:35:04 UTC.