CMA CGM S.A. (CMA CGM) announces that it has completed the exercise of its rights of compulsory acquisition of
all the Neptune Orient Lines Limited (NOL) shares held by NOL shareholders who had not accepted the all-cash voluntary conditional general offer (Offer), at a price per share equal to the Offer Price of SGD1.30, in accordance with section 215(1) of the Companies Act (Chapter 50 of Singapore).
Accordingly, NOL is now a wholly-owned subsidiary of CMA CGM and will be delisted from the Official List of the Singapore Exchange Securities Trading Limited (SGX-ST). NOL had, on August 5, 2016, obtained the waivers and approval from the SGX-ST for its delisting.
NOL announced today that the NOL shares will be delisted from the SGX-ST with effect from 9.00 a.m. on 6 September 2016. The transfer of all the remaining shares that have been compulsorily acquired has been effected and payment for such shares has been despatched.