silverlake axis

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At the close of the voluntary unconditional offer, E2I holds 98.3 per cent of Silverlake Axis' shares, causing it to no longer meet SGX's free float requirement.

Silverlake Axis to delist after close of voluntary unconditional offer

SGX requires companies to ensure that at least 10 per cent of their total number of shares are held in public hands, a rule also known as the free-float requirement.

Silverlake Axis loses free float, likely to delist

The two-week extension of the offer closing date comes as the total number of shares held by E2I, its concert parties and valid acceptances reached 84.17 per cent of Silverlake Axis’ total number of issued shares as at 6 pm on Thursday (Oct 3)

Closing date for Silverlake Axis offer extended to Oct 21 

The offer for Silverlake Axis remains open for acceptance until 5.30 pm on Oct 7, unless a later date is announced by E2I.

Offeror says Silverlake Axis privatisation bid is final with no price increase

Silverlake Axis is a leading player in the enterprise technology sector in South-east Asia, serving 40 per cent of the top 20 largest banks in the region.
HOCK LOCK SIEW

Silverlake Axis should ask IFA to push the boundaries in assessing take-private offer

In a bourse filing on Monday, Silverlake Axis said the IFA will advise the directors of the company who are considered to be independent.

Silverlake Axis appoints PrimePartners as IFA for privatisation offer

Silverlake Axis' share price is at levels not seen since February 2023.

Silverlake Axis jumps 23.3% on privatisation offer

Shareholders may also choose to receive a combination of S$0.30 per share in cash, together with one new redeemable preference share in the capital of the offeror, E2I, for each offer share.

Silverlake Axis receives privatisation offer with S$0.36 per share cash option

CGS International is downgrading its call on Silverlake Axis to "hold" on declining gross profit margins and rising operating expenditure.

Brokers’ take: CGS downgrades Silverlake Axis to ‘hold’ as opex rises