Under this offer, OUE (SGX:LJ3
) will buy back up to 84,038,036 shares, or 10% of the total share base as at April 26.
OUE is making an off-market equal access offer for shareholders to sell 10% of their shares at $1.25 each, which is a premium of around 19% over the last traded price of $1.05.
In addition to this, shareholders may tender shares in excess of the offer if others do not accept their full entitlement.
