Majority of the following information is extracted from the Company's Circular (page A-65 to A-69) dated 4 October 2024 and all processes, duties, fees and expenses specified herein are subject to changes from time to time.
TRANSFER OF SHARES
From SGX-ST to AIM
If an investor whose Shares are traded on the SGX-ST wishes to trade his Shares on AIM, he may do so by submitting a Request for Withdrawal of Securities form and Singapore Transfer Deed and delivering the duly completed and signed original forms to CDP and a UK Depositary Interest issuance request form to the Company’s Singapore Share Registrar in respect of the number of Shares to be repositioned for trading on AIM.
The Company’s Singapore Share Registrar will remove the securities from the principal register of members maintained in Singapore and liaise with the UK Depositary for the Shares to be recorded on the Jersey branch share register in the name of a custodian who will hold Shares on behalf of the UK Depositary (the "UK Custodian").
The repositioning and transfer of Shares to the UK Custodian will result in the creation and issue of UK Depositary Interests (in an amount equal to the number of Shares specified to be transferred in the UK Depositary Interest issuance request form) to the investor's nominated CREST account quoted in such instruction.
It is envisaged that the process as described above will generally require up to twenty working days to complete , subjected to the proper and correct documents submitted.
From AIM to SGX-ST
If a holder of UK Depositary Interests wishes to trade the underlying Shares represented by the UK Depositary Interests on the SGX-ST, he may do so by completing and delivering a cross-border repositioning form to the UK Depositary and completing a CREST stock withdrawal, giving the effect of the UK Depositary cancelling the relevant UK Depositary Interests and transferring the underlying Shares held by the UK Depositary to the instructing holder on the Jersey branch share register.
Subsequently, the UK Depositary will arrange for the Shares to be removed from the Jersey branch share register and liaise with the Company’s Singapore Share Registrar or such Shares to be recorded on the Singapore principal register of members and, as may be requested, delivered into CDP to the securities account nominated by the holder in the cross-border repositioning form.
It is envisaged that the process as described above will generally require up to ten working days to complete, subjected to the proper and correct documents submitted. CREST is a voluntary system and investors will therefore be free to settle a transaction within the CREST system in the form of UK Depositary Interests or, in the form of Shares in a securities account with CDP.
Investors wishing to move between the settlement systems will be able to obtain further details on how this can be achieved by contacting the UK Depositary, Computershare Investor Services PLC at The Pavilions, Bridgwater Road, Bristol, BS99 6ZZ, United Kingdom or by telephone on +44 (0) 370 702 0003.