Boardroom gets 88 cents per share privatisation offer from controlling shareholder GK Goh

PC Lee
PC Lee5/15/2019 07:17 PM GMT+08  • 2 min read
Boardroom gets 88 cents per share privatisation offer from controlling shareholder GK Goh
SINGAPORE (May 15): G.K. Goh, the 80.72% owner of Boardroom, is making an 88 cents per share cash offer for all the shares of Boardroom it does not own.
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SINGAPORE (May 15): G.K. Goh, the 80.72% owner of Boardroom, is making an 88 cents per share cash offer for all the shares of Boardroom it does not own.

The offer price is at a 14.3% premium to Boardroom’s last traded price on May 3 of 77 cents and a 17.6% premium over Boardroom’s six-month volume weighted average price (VWAP) of 74.8 cents.

Based on Boardroom’s issued and paid-up share capital of some 210 million units, the offer values the takeover group at $184.5 million.

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