Silverlake Axis plans to go private with $0.36 per share offer

Shareholders can opt to receive $0.30 in cash and one new redeemable preference share in E21.

Silverlake Axis has made a voluntary unconditional offer for all its issued and paid-up ordinary shares at $0.36 in cash each.

Shareholders also have the option to receive a combination of $0.30 in cash and one new redeemable preference share in the offeror, E21, for each offer share.

The new offeror RPS are not and will not be listed on any securities exchange and will be mandatorily redeemed by E21 five calendar years from their issuance at the redemption amount of $0.18 each.

The company declared a dividend of S$0.0036 per share for FY2024, with the record date being 5 pm on 7 November.

Assuming that the settlement date falls after the record date, and the offeror does not receive the dividend for the offer shares, shareholders who elect will receive a cash consideration of $0.3564 per offer share.

Shareholders who prefer a combination consideration will receive $0.2964 in cash and one new offeror RPS for each offer share.

Silverlake Axis advises its shareholders to exercise caution when dealing with the company’s shares and consult their advisers when in doubt.

Follow the link for more news on

mergers and acquisitions

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia