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REPL::Share Consolidation::Mandatory

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REPL::Share Consolidation::Mandatory

Issuer & Securities

Issuer/ Manager THAKRAL CORPORATION LTD

Security THAKRAL CORPORATION LTD - SG1C19013145 - T04

Announcement Details

Announcement Title Share Consolidation

Date & Time of Broadcast 08-May-2015 19:00:26

Status Replacement Corporate Action Reference SG150408SPLRT5MK Submitted By (Co./ Ind. Name) Anil Daryanani Designation Chief Financial Officer

Event Narrative

Narrative Type Narrative Text

Additional Text Buyback of Fractional Shares. Please refer to attachment.

Event Dates

Record Date and Time 08/05/2015 17:00:00

Ex Date 06/05/2015


Disbursement Details

Existing Security Details

Security Debit Date 11/05/2015

Last Trading Date 05/05/2015

New Security Details

New Security ISIN SG1AJ2000005

New Security Name THAKRAL CORPORATION LTD

Security not found No

Fractional Disposition Method Round down fraction to last full unit

Security Credit Date 11/05/2015

Distribution Ratio (New: Old) 1:20

Attachments

ThakralCorp_Annmt_ShareConso_FractionalBuyback_20150508.pdf

Total size =11K

Related Announcements

05/05/2015 17:31:03

29/04/2015 18:30:49

08/04/2015 18:31:13



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THAKRAL CORPORATION LTD

(Incorporated in the Republic of Singapore on 7 October 1993) (Company Registration No. 199306606E)

ANNOUNCEMENT

PROPOSED CONSOLIDATION OF EVERY TWENTY (20) EXISTING ISSUED ORDINARY SHARES IN THE CAPITAL OF THE COMPANY HELD BY SHAREHOLDERS OF THE COMPANY AS AT A BOOKS CLOSURE DATE TO BE DETERMINED, INTO ONE (1) ORDINARY SHARE IN THE CAPITAL OF THE COMPANY, FRACTIONAL ENTITLEMENTS TO BE DISREGARDED - BUYBACK OF FRACTIONAL SHARES

Unless otherwise defined, all capitalised terms used herein shall bear the same meanings as ascribed to them in the Circular.

1. INTRODUCTION

The Board of Directors (the "Board") of Thakral Corporation Ltd (the "Company") refers to: (a) its announcements dated 1 April 2015, 8 April 2015, 29 April 2015 and 5 May 2015; and (b) the circular to Shareholders dated 14 April 2015 (the "Circular"), in relation to the Proposed Share Consolidation.

2. BUYBACK OF FRACTIONAL SHARES

In view of the last traded price per Existing Share as at the date of cessation of trading of the Existing Shares on 5 May 2015, the maximum cash entitlement arising from the repurchase of the fraction of a Consolidated Share (a "fractional share") would be S$0.02. Accordingly, the Company has decided not to proceed with the repurchase of the fractional shares and such fractional shares shall be disregarded for the purposes of the Proposed Share Consolidation.

On behalf of the Board

Natarajan Subramaniam

Independent Non-Executive Chairman

Singapore, 8 May 2015

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