NEPTUNE ORIENT LINES LTD. General Announcement: :Announcement
General Announcement: :Announcement Issuer & Securities
Issuer/ Manager | NEPTUNE ORIENT LINES LIMITED |
Stapled Security | No |
Announcement Details
Announcement Title | General Announcement |
Date & Time of Broadcast | 21-Nov-2015 21:00:37 |
Status | New |
Announcement Sub Title | Announcement |
Announcement Reference | SG1511210THRS11//W |
Submitted By (Co./ Ind. Name) | Looi Lee Hwa (Ms) & Wong Kim Wah (Ms) |
Designation | Company Secretaries |
Description (Please provide a detailed description of the event in the box below) | Announcement Neptune Orient Lines Limited ('NOL') notes recent media reports and wishes to announce that it and its single largest shareholder , Lentor Investments Pte. Ltd. ('Lentor') (a wholly-owned subsidiary of Temas'* Holdings (Private) Limited), have entered into an exclusivity agreement with CMA CGM S.A. ('CMA CGM') with respect to a potential acquisition of NOL by way of pre-conditional voluntary general offer ('Offer'). Pursuant to the agreement, NOL and Lentor have granted CMA CGM exclusivity until 11.59 p.m. (Singapore time) on 7 December 2015 to complete customary confirmatory due diligence on NOL and its subsidiaries and negotiate the definitive agreements to be entered into in relation to the Offer. There is no assurance that such negotiation will result in any definitive agreement or transaction or that any offer for NOL will be made. NOL will make an appropriate announcement in the event that there are any material developments . Shareholders of NOL and investors are therefore advised to exercise caution when dealing in shares in and other securities of NOL. By Order of the Board of NEPTUNE ORIENT LINES LIMITED Looi Lee Hwa (Ms) and Wong Kim Wah (Ms) Company Secretaries 21 November 2015 , Singapore The Directors of NOL (including any who may have delegated detailerj supervision of this Announcement) have taken all reasonable care to ensure that the facts stated and all opinions expressed in this Announcement are fair and accurate and that no material facts have been omitted from this Announcement , and they jointly and severally accept responsibility accordingly. Where any information has been extracted or reproduced from published or publicly available sources, the sole responsibility of the Directors of NOL has been to ensure through reasonable enquiries that such information is accurately extracted from such sources or, as the case may be, reflected or reproduced in this Announcement. |
Attachments | ilNOL Respons e to Media Reports 21 Nov2015 .pdfTotal size =71K |
http://infopub.sgx.com/ Apps?A=COW_CorpAnnouncement. .. 11/23/2015
(Company Registration No. 196800632D)
Neptune Orient Lines Limited ('NOL') notes recent media reports and wishes to announce that it and its single largest shareholder, Lentor Investments Pte. Ltd. ('Lentor') (a wholly-owned subsidiary of Temasek Holdings (Private) Limited), have entered into an exclusivity agreement with CMA CGM S.A. ('CMA CGM') with respect to a potential acquisition of NOL by way of pre-conditional voluntary general offer ('Offer').
Pursuant to the agreement, NOL and Lentor have granted CMA CGM exclusivity until 11.59 p.m. (Singapore time) on 7 December 2015 to complete customary confirmatory due diligence on NOL and its subsidiaries and negotiate the definitive agreements to be entered into in relation to the Offer.
There is no assurance that such negotiation will result in any definitive agreement or transaction or that any offer for NOL will be made. NOL will make an appropriate announcement in the event that there are any material developments. Shareholders of NOL and investors are therefore advised to exercise caution when dealing in shares in and other securities of NOL.
By Order of the Board of
NEPTUNE ORIENT LINES LIMITEDLooi Lee Hwa (Ms) and Wong Kim Wah (Ms) Company Secretaries
21 November 2015, Singapore
The Directors of NOL (including any who may have delegated detailed supervision of this Announcement) have taken all reasonable care to ensure that the facts stated and all opinions expressed in this Announcement are fair and accurate and that no material facts have been omitted from this Announcement, and they jointly and severally accept responsibility accordingly.
Where any information has been extracted or reproduced from published or publicly available sources, the sole responsibility of the Directors of NOL has been to ensure through reasonable enquiries that such information is accurately extracted from such sources or, as the case may be, reflected or reproduced in this Announcement.
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