Since the privatisation offer was announced on Aug 26, E2I has bought some 30.1 million shares representing a 1.2% stake in SAL. E2I or its concert parties have not acquired or agreed to acquire any further shares beyond the valid acceptances.
Silverlake Axis (SAL) has lost its free float at the close of the market on Oct 7, with only 9.47% of the company’s shares in public hands.
This comes after SAL’s offeror, E2I, bought 139,300 shares from the market on the same day at 36 cents apiece. The purchase brought the total stake of E2I and its concert parties to 90.53%.
