Silverlake Axis to be delisted from SGX after E21 acquisition

Total number of shares owned by E2I amounted to 2.5 billion shares.

Silverlake Axis will be delisted from the Singapore Exchange (SGX) following the close of E21’s voluntary unconditional offer last 18 November, according to a bourse filing.

As of 5:30 pm on Monday, the total number of shares owned, to be acquired by E2I and valid acceptances amounted to 2.5 billion, representing 98.3% of total shares.

Now that the public holds less than 10% of Silverlake Axis’ shares, trading of the company’s shares will be suspended.

Accordingly, E2I is entitled to compulsorily acquire all the shares of shareholders who have not accepted the offer.

E2I offered to take the company private at $0.36 in cash per share last August.