MARKETS & INVESTING, SHIPPING & MARINE | Staff Reporter, Singapore

Vard Holdings expected to delist by 10 August

The exit offer from its parent firm will be closed by 8 August.

Shipbuilding firm Vard Holdings will end trading in the Singapore Exchange (SGX) by 10 August as the exit offer from its parent firm Fincantieri Oil & Gas will be closed by 8 August, an announcement revealed.

“Shareholders should note that if they purchase scripless shares close to or on the closing date such shares may not be credited in their securities account with the CDP (Central Depository) in time for them to accept the exit offer,” Vard explained.

Also read: Fincantieri extends Vard Holdings' exit offer to 8 August

Said delisting was expected to take about two to three weeks after the exit deal with its parent firm closes.

Vard said that they had consulted with the SGX Securities Trading (SGX-ST) regarding the delisting.

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