Closing date for Boardroom exit offer extended to 12 July

As at 27 June, Salacca will own and control 88.13% of the total number of Boardroom shares.

The closing date of the $0.88 per share exit offer by G. K Goh Holdings’ unit Salacca for payroll services firm Boardroom has been extended to 5:30 p.m. on 12 July, a filing with the Singapore Exchange (SGX) revealed.

As at 27 June, the number of Boardroom shares to be owned and controlled by Salacca, including valid acceptances of the takeover offer, stood at 184.78 million or 88.13% of the total number of Boardroom shares.

Boardroom has applied to be delisted from the SGX mainboard after its free float requirement dropped below the 10% mark, an earlier announcement revealed.

Meanwhile, Boardroom’s shareholder Symphony House (SHSB), which owns 7.63% of the firm’s shares, has given an irrevocable undertaking to vote in favour of the delisting if any shareholder meetings are convened.

Taking into account the shareholdings of SHSB of 16 million,the total number of Boardroom shares in issue which would be voted in favour of the proposed delisting would amount to approximately 95.31% of the total number of Boardroom shares in issue.