SINGAPORE (Jan 31): Noble Group (Old Noble) has reminded shareholders to take further action to receive their shares in Noble Group Holdings (New Noble).

Under the terms of the restructuring, shareholders of Old Noble are entitled to receive one share in New Noble for every ten shares held in Old Noble. Any fractional entitlements will be rounded up to the nearest whole share.

To receive their shares in New Noble, Old Noble shareholders are to register via and await further information.

Old Noble shareholders who hold their shares through a depository agent, custodian or broker are advised to contact and consult the relevant depository agent, custodian or broker.

The shares in New Noble are currently held in trust by Lucid Issuer Services, which will be terminated on Dec 19, 2019.

“Old Noble shareholders should therefore get in touch with Lucid as soon as possible, and by no later than 19 December 2019,” Noble Group says in a press release on Thursday.

Following the appointment of the provisional liquidator and the completion of the restructuring, it is expected that Old Noble, which no longer has any material assets or business and whose shares remain suspended from trading on the SGX, will commence a liquidation process.