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Notification of Interest Change

Sections 135, 136 and 137 of the Securities & Futures Act require a substantial shareholder of a corporation to notify the corporation of his/her interest or change in interest in the voting shares in the corporation. A substantial shareholder is defined as one who has an interest (or interests) in the voting shares in the corporation that is not less than 5% of the total voting shares in the corporation.

Such notification must be made within two business days of the substantial shareholder becoming aware:

  1. that he/she has become a substantial shareholder;
  2. of a change in the percentage level of his interest; or
  3. that he/she has ceased to be a substantial shareholder.

The notification must be made using Form 3 and Form C (particulars and contact details forms) prescribed by the MAS. Both forms are available in electronic and non-electronic format and may be downloaded from the MAS’ internet website. As only the electronic format of the notification forms may be disseminated by the corporation to the securities market via SGXNet, substantial shareholders are requested to furnish notice using the electronic format of the notification forms. The completed electronic forms should be sent as email attachments to the corporation.

If you are (i) our existing substantial shareholder whose interest has changed; (ii) has become a substantial shareholder; or (iii) ceased to be our substantial shareholder, please complete the electronic forms referred above and email them to us at secretariat@olamnet.com.