Singapore O&G proposes share split

They want to make the shares more affordable.

Singapore O&G Ltd is proposing a share split of every one existing ordinary share in the capital of the company held by shareholders into two shares.

Directors of the company believe that the proposed share split will be beneficial to the company and its shareholders for the following reasons:

(a) Reduced price of each share and increased market liquidity of the shares following the proposed share split, the price of each share will be reduced, which in turn, will make the shares more affordable, thus, encouraging greater participation by investors as well as providing greater trading flexibility. Furthermore, the reduced price of each board lot of shares will make the shares more accessible and attractive to both existing and potential investors, thus, enhancing the trading liquidity of the shares over time.

(b) Broaden the base of shareholders pursuant to the above, the number of shareholders after the proposed share split may increase as investment in the shares becomes more accessible to investors with varying investment profiles.

Upon the completion of the proposed share split, the company shall have an issued and paid-up share capital of S$29,645,500 comprising 476,803,002 shares.