Additional payment for OSIM shareholders who sold shares on April 5

SHAREHOLDERS of OSIM International who sold their shares on April 5 below S$1.39 each will receive an additional payment from the group on a goodwill basis.

These affected shareholders "may not have had the opportunity to receive the equivalent of the final ex-dividend offer price of S$1.39 in respect of those shares", Credit Suisse (Singapore) said on behalf of Vision Three Pte Ltd, a private vehicle owned by OSIM founder Ron Sim.

"In view of this, the offeror will make a payment (the additional payment) on a goodwill basis to all shareholders who sold their Shares on the SGX-ST on April 5 at a transacted sale price below S$1.39."

The additional payment will be made to all affected shareholders, regardless of whether they sold their shares to the offeror or to third parties. Each affected shareholder will receive the difference between the transacted sale price for each share and the final ex-dividend offer price.

The additional payment will be made to affected shareholders through the Central Depository.