News
Notice Of Cessation Of Substantial Shareholding
BackSep 18, 2009
Part I | ||||||||||||||||||||
1. | Date of notice to issuer | 17/09/2009 | ||||||||||||||||||
2. | Name of Substantial Shareholder | NTUC Income Insurance Co-operative Limited | ||||||||||||||||||
3. | Notice Type | Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. |
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Part II - Not Required | ||||||||||||||||||||
Part III | ||||||||||||||||||||
1. | Date of change of Deemed Interest | 17/09/2009 | ||||||||||||||||||
2. | The change in the percentage level | From 9.25 % To 0 % | ||||||||||||||||||
3. | Circumstance(s) giving rise to the interest or change in interest | # Others Dilution of shares and series of sale transactions. |
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4. | A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: | Sales of 39,000 shares were completed on 25 Jun 2009 reducing the holding from 9.25% to 9.22%. Sales of another 70,000 shares were completed on 26 Jun 2009 reducing the holding from 9.22% to 9.16%. As at 16 Sep 2009, NTUC Income holding in the shares was diluted from 9.16% to 8.47% after the exercise of the warrants. Sale of the remaining holding of 8.47% shares was completed on 17 Sep 2009 and NTUC Income has ceased to be a substantial shareholder of TIH. | ||||||||||||||||||
Part IV | ||||||||||||||||||||
1. | Holdings of Substantial Shareholder, including direct and deemed interest : | |||||||||||||||||||
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