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Global Logistic Properties : STATUTORY ANNOUNCEMENT – NOTIFICATION OF DISCLOSURE OF DEALINGS

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by December 21, 2017 General

PROPOSED ACQUISITION OF ALL THE ISSUED ORDINARY SHARES IN THE CAPITAL OF GLOBAL LOGISTIC PROPERTIES LIMITED BY WAY OF A SCHEME OF ARRANGEMENT

DEALINGS DISCLOSURE

  • 1. INTRODUCTION

    Merrill Lynch (Singapore) Pte. Ltd. (“MLS“) refers to the announcement dated 14 July 2017 (“Joint Announcement“) in relation to the proposed acquisition by Nesta Investment Holdings Limited of all theissued ordinary shares (“Shares“) in the capital ofGlobal Logistic Properties Limited (“Offeree“) by way of a scheme of arrangement under Section 210 of the Companies Act (Cap. 50) of Singapore (“Scheme“), in accordance with the Singapore Code on Take-overs and Mergers (“Code“).

    All capitalised terms used and not defined herein shall have the same meanings as ascribed to them in the Joint Announcement.

  • 2. DEALINGS

    Our holding entity, Bank of America Corporation (“BOA”) and consequently, the group of corporations under BOA, is an associate of the Offeree by virtue of it holding 5% or more of the Shares in issue at the time of the relevant dealing. In addition MLS is an associate of the Offeree by virtue of it being the financial adviser to GIC Private Limited, an associate of the Offeree.

    Pursuant to Rule 12.1 of the Code, MLS wishes to announce the following dealings in Shares by MLS and its associates for their own account or for the account of discretionary investment clients:

    Date of dealing

    20 December 2017

    Name of entity

    Merrill Lynch International

    Nature of dealing

    Hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders

    Total number of shares

    Purchase 2,000

    Price per share

    SGD 3.36

    Date of dealing

    20 December 2017

    Name of entity

    Merrill Lynch International

    Nature of dealing

    Hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders

    Total number of shares

    Purchase 266,300

    Price per share

    SGD 3.37

    Resultant total number of Shares owned or controlled: 430,935,428 shares

    Percentage of Shares owned or controlled: 9.17%

T +65 6678 0000

Merrill Lynch (Singapore) Pte. Ltd.

50 Collyer Quay, #14-01 OUE Bayfront, Singapore 049321

A company wholly owned by Bank of America Corporation

Incorporated under the laws of Singapore under Company Registration No. 198602883D

3.

RESPONSIBILITY STATEMENT

The directors of MLS (including any who may have delegated detailed supervision of this Announcement) have taken all reasonable care to ensure that the facts stated and all opinions expressed in this Announcement are fair and accurate and that no material facts have been omitted from this Announcement, the omission of which would make any statement in this Announcement misleading, and they jointly and severally accept responsibility accordingly.

Issued by

MERRILL LYNCH (SINGAPORE) PTE. LTD.

21 December 2017

Global Logistic Properties Limited published this content on 21 December 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 21 December 2017 03:49:09 UTC.

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