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Affected OSIM shareholders to get 'goodwill' compensation

Ron Sim paying difference to those who sold shares on April 5 below S$1.39; a "very good outcome", says SIAS

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Published Mon, Apr 18, 2016 · 09:50 PM

    Singapore

    IN a move to take the sting out of a controversy stemming from share purchase errors on April 5, OSIM International founder Ron Sim is making a "goodwill" payment to shareholders who sold their shares that day at below the revised final ex-dividend offer price of S$1.39.

    Affected shareholders will receive the difference between the transacted sale price for each share and the final ex-dividend offer price, Credit Suisse (Singapore) said on Monday on behalf of Vision Three Pte Ltd, the vehicle through which Mr Sim is making the bid to take the healthy-lifestyle products group private.

    SIAS

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