Fraser and Neave moves one step closer to listing Frasers
Centrepoint Limited
F&N’s public float restored before year-end deadline
Books Closure Date for FCL Distribution falls on 2 January 2014
FCL expected to be listed on the Main Board of SGX-ST on 9 January 2014
Singapore, 23 December 2013 – Fraser and Neave, Limited (“F&N” or the “Company”) has
moved one step closer to listing its property arm on the Main Board of the Singapore Exchange
Securities Trading Limited (the “SGX-ST”).
The Company announced today that the Transfer Books and Register of Members of the
Company will be closed from 5.00 p.m. on 2 January 2014 (the “Books Closure Date”) for the
purpose of determining the entitlements of shareholders of the Company (the “Shareholders”)
to the distribution (the “FCL Distribution”) of all the issued shares in Frasers Centrepoint
Limited (“FCL”) (“FCL Shares”) by way of a dividend in specie.
The distribution of FCL shares will be effected on or around 9 January 2014. This is the expected
date for crediting FCL Shares into the securities account of Shareholders (being Depositors).
Entitled Shareholders will receive, without any cash outlay, two FCL shares for each F&N share
held by them or on their behalf as at the Books Closure Date. The FCL shares are expected to
commence trading on the SGX-ST from 9.00 a.m. on 9 January 2014.
As was announced on 27 August 2013, the FCL Distribution and listing of FCL shares will be
undertaken by F&N to unlock shareholder value by demerging its property business from its 2
food and beverage and printing and publishing businesses. After the transactions, F&N will no
longer hold an interest in FCL, marking a new beginning for the Group. Heralding a return to its
130-year-old roots, F&N will focus on growing and strengthening its food & beverage business
as part of its vision to become a leading consumer group in Southeast Asia.
Based on the announcement issued on 12 December 2013, F&N public float has been restored
to approximately 12% and accordingly has met the requirement for a minimum public float of
10% under Rule 723 of the Listing Manual of the SGX-ST, following the completion of a sale of
shares by F&N’s majority shareholder, TCC Assets Limited.
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For clarification and further enquiries, please contact:
Fraser and Neave, Limited
HUI Choon Kit
Chief Financial Officer
Jennifer YU
Head, Investor Relations
Media_Release_23Dec2013-BCD.pdf Books_Closure_Date_23.12.13.pdf