On 22 August 2016, it was announced that The Baltic Exchange Limited (Baltic) and Singapore Exchange Limited (SGX) had reached agreement on the terms for a recommended offer by SGX for the entire issued share capital of Baltic (the Proposed Acquisition). The Proposed Acquisition is to be effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006.
Baltic is today posting to all Baltic Shareholders a scheme document in relation to the Proposed Acquisition, setting out, amongst other things, the full terms and conditions of the Scheme, an explanatory statement pursuant to section 897 of the Companies Act, an expected timetable of principal events, notices of the Court Meeting and Baltic General Meeting and details of the actions to be taken by Baltic Shareholders (the Scheme Document), together with the Forms of Proxy for the Court Meeting and the Baltic General Meeting.
Notices convening the Court Meeting and the Baltic General Meeting, respectively for 12 noon on 26 September 2016 and 12.15 p.m. on 26 September 2016 (or as soon thereafter as the Court Meeting is concluded or adjourned) to be held at The Baltic Exchange, 38 St Mary Axe, London, EC3A 8BH, are set out in the Scheme Document. Forms of Proxy for use at such meetings are enclosed with the Scheme Document.
Any shareholder who does not receive the documents referred to above should contact the Baltic. Copies are also available at www.balticexchange.com/about-us/scheme-documentation. The contents of the website are not incorporated into, and do not form part of, this announcement.
Capitalised terms in this announcement, unless otherwise defined, have the same meanings as set out in the Scheme Document.
All references to time in this announcement are to London, UK time.