On 11 May 2005, Oversea-Chinese Banking Corporation Limited (“OCBC Bank”) announced that it was proposing to undertake the following exercises:
· a bonus cash dividend of S$1.25 less tax of 20% (or S$1.00 net) per ordinary stock unit in the capital of OCBC Bank held as at 5.00 p.m. on 17 June 2005 (“Books Closure Date”) (as was announced on 25 May 2005); and
· a renounceable non-underwritten rights issue (“Rights Issue”) of new ordinary shares in the capital of OCBC Bank (“Rights Shares”), at an issue price (“Issue Price”) of S$5.00 for each Rights Share, on the basis of one Rights Share for every five ordinary stock units held as at the Books Closure Date, fractional entitlements to be disregarded.
The Offer Information Statement dated 13 June 2005 (“Offer Information Statement”) together with the relevant forms have been despatched to Entitled Stockholders on 22 June 2005. Terms used but not defined in this website shall bear the same meanings assigned to them in the Offer Information Statement.
The Offer Information Statement sets out the terms and conditions of the Rights Issue and explains how Entitled Stockholders may elect to use their net amount of the Bonus Dividend to subscribe for the Rights Shares. Due to legal restrictions, the Rights Issue is only made in Singapore and the Offer Information Statement and its accompanying documents have not been and will not be despatched into any jurisdiction outside Singapore.
For the convenience of its stockholders, OCBC Bank has compiled a list of Frequently Asked Questions (“FAQs”) for their reference on the Rights Issue and the availability of the election option. Viewing the FAQs may not be lawful in certain jurisdictions. OCBC Bank is making available the FAQs on this website on the basis that you are located in Singapore. If you are not located in Singapore, please exit this webpage now.
By clicking CONTINUE, you represent to OCBC Bank you are located in Singapore and you agree not to re-transmit, send or otherwise transmit any information regarding the FAQs or the Rights Issue which is otherwise contained in this website to any person outside Singapore.
The materials on this website do not constitute or form part of an offer of, or invitation by, or on behalf of OCBC Bank for securities, and any purchase of or application for the shares in the Rights Issue should only be made on the basis of information contained in the Offer Information Statement.
Entitled Stockholders may obtain copies of the Offer Information Statement at the offices of M & C Services Private Limited, at 138 Robinson Road #17-00, The Corporate Office, Singapore 068906 or CDP at 4 Shenton Way #02-01, SGX Centre 2, Singapore 068807 from 22 June 2005 to 6 July 2005 (during normal business hours).