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Appendix 8A Disclosure Requirements for Rights Issues or Bought Deals

Cross-referenced from Rule 814

1. Apart from providing the information prescribed by the law, an issuer that is required to comply with the offer information statement requirements in Rule 865, must also provide the information set out in paragraphs 3(b) and, if applicable, (c) below.
2. An issuer that is not required to comply with the offer information statement requirements is required to provide the same disclosures in its offering circular as an issuer that is required to comply with the offer information statement requirements. The issuer is also required to provide the information set out in paragraph (3)(a), (b), (d) and, if applicable, (c) below in its offering circular.
3. The following information must be included in the offer information statement or offering circular, where applicable, OR announced separately before trading of nil-paid rights commences:
(a) On the cover page of the offering circular:
(i) The statements required in Rule 865(2) in respect of an offer information statement.
(ii) A statement that the issuer intends to list the securities which are the subject of the rights issue or bought deal and that acceptance of applications will be conditional upon issue of the securities and SGX-ST's listing and quotation notice.
(iii) A statement that a listing and quotation notice has been obtained from SGX-ST for listing of new securities arising from the rights issue or bought deal, which will commence after all securities certificates have been issued and the allotment letter from the CDP has been dispatched.
(b) Working Capital

A review of the working capital for the last three financial years and the latest half year, if applicable.
(c) Convertible Securities
(i) Where the rights issue or bought deal involves an issue of convertible securities, such as company warrants or convertible debt, the information in Rule 832.
(ii) Where the rights issue or bought deal is underwritten and the exercise or conversion price is based on a price-fixing formula, to state that the exercise or conversion price must be fixed and announced before trading of nil-paid rights commences.
(d) Responsibility Statements

A statement by the sponsor and each financial adviser in the form set out in Practice Note 12A.

Amended on 29 September 201129 September 2011.