Closing date for Informatics Education’s exit offer extended to Dec 30

THE closing date for the proposed exit offer for watch-listed Informatics Education has been extended from Friday (Dec 16) to Dec 30.

Its major shareholder, Berjaya Leisure Capital, launched an offer in October to buy all shares in the company which it does not already own at S$0.011 per share. It had also offered to acquire all outstanding warrants at a nominal price of S$0.0001 apiece.

As of 5.30 pm on Friday, Berjaya Leisure has received valid acceptances for the exit offer representing 22.12 per cent of shares, it said in a bourse filing. Berjaya Leisure and its concert party had already owned 67.95 per cent of shares before the offer period.

The offeror also received valid acceptances of 3.58 per cent for the warrants offer. Adding in the 95.13 per cent of warrants it already owned, this adds up to a resultant holding of 98.71 per cent of the total number of issued warrants.

Both the exit and warrant offers are unconditional, and in conjunction with Informatics Education’s directed delisting. The IT training provider, which listed on the SGX in 1993, was suspended from trading since Jul 28 this year, after receiving a notification for delisting. Its shares last traded at S$0.008.