- Seatrium announced on 29 Apr 2024 that its proposal for a 20-to-1 share consolidation had been approved by shareholders at its Annual General Meeting held on 26 Apr 2024.
20-to-1 share consolidation
- - Read this at SGinvestors.io -
- Meanwhile, the record and effective date for the share consolidation will be 5pm on 8 May 2024 and 9am on 9 May 2024, respectively.
- For fractional entitlements, Seatrium intends to aggregate and dispose of them in the open market as soon as practicable following the completion of the exercise, and the proceeds will be distributed on a pro rata basis to affected shareholders.
S$100m share buyback program
- - Read this at SGinvestors.io -
- The program allows Seatrium to purchase up to 2% of issued shares via open market purchases, and could take over a year to be completed.
Early redemption of S$500m worth of floating rate bonds
- Read more at SGinvestors.io.
