Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — Global Logistic Properties — Merger or Acquisition (October 2017)
12 slides from Singapore Exchange's merger presentation, Oct 9, 2017
Slide 1: Proposed Privatization of GLP
Proposed Privatization of GLP 9 October 2017
Slide 2: Current Status of Proposed Privatization
Current Status of Proposed Privatization • GLP has received SGX approval-in-principle for the proposed delisting and intends to dispatch the Scheme Document by 1 December 2017 • GLP and the Offeror are undertaking concerted efforts to ensure timely completion of the Scheme • GLP’s entry into Europe
Slide 3: Background of the Strategic Review
Background of the Strategic Review • Request received from GLP’s largest shareholder, GIC Real Estate Private Limited • A Special Committee comprising four independent directors was constituted to oversee the Strategic Review, with a focus on maximizing shareholder value and execution certainty • Di
Slide 4: Overview of Proposed Privatization
Overview of Proposed Privatization Proposed Scheme is the result of the rigorous and independent Strategic Review process Scheme of Arrangement (“Scheme”) for all the issued and paid-up ordinary TRANSACTION shares of GLP (excluding treasury shares) with the intention to delist and STRUCTURE privatiz
Slide 5: Proposed Privatization – Preliminary Recommendation
Proposed Privatization – Preliminary Recommendation Preliminary Recommendation • The Board of Directors has received an opinion from GLP’s financial adviser1 • The Independent Directors concur with the Financial Adviser’s Opinion that the Scheme Consideration is fair, from a financial point of view,
Slide 6: Price Certainty
Rationale for Recommendation 1 Price Certainty PRICE CERTAINTY at significant premiums to historical prices Scheme Consideration = S$3.38 for each share 41.9% 8.0% 81% 76% 72% 67% 64% 25% 8% 30% S$3.13 S$2.70 S$2.60 S$1.92 S$1.96 S$2.02 S$2.06 S$1.87 12 month 6 month 3 month 1 month Undisturbed Last
Slide 7: Deal Certainty Defined
Rationale for Recommendation (cont’d) 2 Deal Defined 3 Certainty Timeframe DEAL CERTAINTY due to limited conditionality of the bid The Scheme is not conditional on: Antitrust Approvals1 CFIUS Approval1 Third Party Consents2 Fund Management Consents2 COMPLETION WITHIN A DEFINED TIMEFRAME redu
Slide 8: Long-Term Strategy and Future Plans
Long-Term Strategy and Future Plans • Offeror intends to continue the businesses and operations of the GLP Group in Continued their present form and to steer the GLP Group towards further growth1 Growth of • Further strengthen GLP’s market-leading position in key markets, underpinned Global by a sol
Slide 9: Consortium Members
Consortium Members Nesta Investment Holdings Limited is owned by leading investment companies with a global capital investor base. Each member of the Consortium understands the different elements of the logistics ecosystem. HOPU Hillhouse Capital SMG 21.3% interest1 21.2% interest1 21.2% interest1
Slide 10: Appendix: Corporate Governance
Appendix: Corporate Governance Deal Governance Fair and Transparent Process • Special Committee, comprising four independent • All bidders were provided with directors, was constituted to oversee the Strategic management information sessions Review process, and ensure that the due and equal access t
Slide 11: Disclaimer
Disclaimer The information contained in this presentation (the “Information”) is provided by Global Logistic Properties Limited (the “Company”) to you solely for your reference and may not be retransmitted or distributed to any other person. The Information has not been independently verified and ma
Slide 12: Investor Relations Contact
GLP Tianjin Pujia China Investor Relations Contact Ambika Goel, CFA SVP - Capital Markets and Investor Relations Tel: +65 6643 6372 Email: agoel@glprop.com
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