Singapore Exchange Ltd. · SGX:S68

Singapore Exchange — First Ship Lease Trust — Shareholder Meeting (April 2019)

8 slides from Singapore Exchange's shareholder meeting presentation, Apr 22, 2019

  1. Slide 1: First Ship Lease Trust Extraordinary General Meeting

    First Ship Lease Trust Extraordinary General Meeting 22 April 2019

  2. Slide 2: Preferential Offering | Purpose

    Preferential Offering | Purpose The Trust entered into shipbuilding contracts with COSCO Shipping Corporation Group for two 114,000 DWT, scrubber fitted, TIER III, LR2 product tankers for an aggregate consideration of US$97.6m. The Newbuilding Acquisition is intended to be financed as follows: US$6.

  3. Slide 3: Preferential Offering | Terms

    Preferential Offering | Terms  Non-renounceable, non-underwritten Preferential Offering of up to 956,184,865 new units at the issue price of SG$0.045 for each new unit  3 new units for every 2 existing units 1 of FSL Trust  Expected net proceeds: Number of New Units to Subscription Scenario Net P

  4. Slide 4: Preferential Offering | Rationale and Status

    Preferential Offering | Rationale and Status  Strengthen financial position and capital base IFA Advice of FSL Trust and in principle  Enhance financial flexibility to renew ageing approval by SGX fleet, reducing fleet’s age profile and enhance commercial attractiveness and marketability MGO Waive

  5. Slide 5: Preferential Offering | Whitewash Waiver

    Preferential Offering | Whitewash Waiver  Undertaking Unitholders: Sponsor and Trustee-Manager.  In support to the Preferential Offering and committed to FSL Trust, the Undertaking Unitholders intends(*) to subscribe for an amount at least equal to the outstanding balance under the Bridging Loan a

  6. Slide 6: Preferential Offering | Indicative Timetable

    Preferential Offering | Indicative Timetable • Books Closure Date 15 May • Opening date and time for Offering 21 May • Last Date and time for acceptance, application (if applicable) and payment for provisional allotments of New Units and excess New 30 May Units • Listing of the New Units 10 June 6

  7. Slide 7: Questions & Answers

    Questions & Answers

  8. Slide 8: Thank you.

    TRUST Thank you.

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