PeakBayou proposes $0.07 per share offer for Amos Group

The offer price is final and will not be increased.

PeakBayou Ltd. has made a voluntary unconditional offer to Amos Group, proposing $0.07 in cash for each ordinary share through PrimePartners Corporate Finance Pte. Ltd.

PeakBayou currently holds 145.5m shares, which accounts for approximately 69.85% of AGL's total issued shares.

The offer price is final and will not be increased unless a competing offer emerges, at which point PeakBayou may revise the terms under the Singapore Code on Take-overs and Mergers.

Additionally, the offer applies to any shares owned or controlled by parties acting in concert with PeakBayou and all new shares issued under the Amos Employee Share Option Scheme. The shares will be acquired fully paid and free from any encumbrances, along with all rights and benefits as of the announcement date.

The cash offer represents a premium of 32.1% over the last price of $0.053 and premiums of 55.6%, 59.1%, 55.6%, and 42.9% over the volume-weighted average prices for the one-month, three-month, six-month, and 12-month periods leading up to the last trading day.

PeakBayou said the cash offer allows shareholders to liquidate their investment without incurring brokerage or trading costs.

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