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There should be a fixed payout date. You may wish to seek assistance from your broker. If not, those vested (shplayer and fairygal ?) perhaps could provide the details :)
dinhoki, Uranco,
Read the post by ccktsp.
If you have not accepted the offer, CapLd will compulsorily acquire your shares and pay you the 'equivalent' of 1.73 per share. Because you have not accepted the offer, you may receive the 6c divident before the formalities of the compulsory acquisition can be completed....but the offer of 1.73 is inclusive of the divvy.......if so you will recieve 1.67.
You can also exercise your rights as a 'Dissenting shareholder'.....in which case I am unsure of the outcome.......but I think it is not in your interest to do so.
dinghoki...normally they just leave you as you are, but since it is delisted you got to find buyer yourself and that will be a major problem.
You should have except the offer knowing they already have met the requirement to takeover.
Now hope they do take your share and return your $,if they leave you alone which i think they do, then you got a problem of disposing the share.,just ask my friend yet now.
good luck
read this:
As the Offeror has received valid acceptances pursuant to the Offer which, together with the
Market Purchase Shares
already held by the Offeror, SLPL and AIPL as at the date of the Offer), the Offeror is entitled
to, and it intends to exercise, its right under Section 215(1) of the Act to compulsorily acquire
those Offer Shares not acquired by it pursuant to the Offer at a cash consideration equivalent
to the Offer Price of S$1.73 for each Offer Share.
In this connection, DBS Bank will be despatching to Shareholders who have not validly
accepted the Offer as at the close of the Offer at 5.30 p.m. on the Final Closing Date, a letter
with regard to the Offeror?s exercise of its right of compulsory acquisition under Section
215(1) of the Act as well as the rights of Dissenting Shareholders under Section 215(3) of the
Act, together with the relevant forms prescribed under the Act, in due course.
Subsequent to such compulsory acquisition, Ascott will be delisted from the Main Board of the
SGX-ST
Thanks Fairygal,
I posted mine on 22nd but yesterday I have checked my bank account, the money is not in.
Limhpp,
I submitted form to CDP by hand on 21/2. Money credited into bank account on 28/2.
Yes, since they already got more than 90% of the shares.
I have submitted the form but have yet to received my $$$$
Fairygal, how about you?
Based on the current situation, CapitaLand is able to buy back all reminder shares if they wanted to at the price of 1.73
May i ask what happen if i still refused to accept the offer, what happen to my stock?Just for knowledge,never have the chance for this,cause alway short term trade only.Thank you.