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Brikor - scheme finalisation
The Brikor Board has announced that all conditions precedent to the scheme of arrangement have been fulfilled, making the scheme wholly unconditional. Under the proposal, shares of the Remaining Shareholders will be repurchased by Brikor for cash of 17.00 cents per share.
Shareholders are directed to the Circular dated 7 September 2026 and the SENS announcement dated 6 November 2026, confirming that the Takeover Regulation Panel is no longer pursuing its complaint. Following the scheme meeting results, the offer to remaining shareholders will open in line with the timetable. Key dates include the Scheme Last Day to Trade on 17 November 2026, suspension of trading from 18 November, and the Scheme Record and Operative Date on 23 November 2026. Scheme consideration will be settled via electronic funds transfer, with dematerialised share accounts credited on 24 November 2026. Listing of Brikor shares will terminate on 23 November.
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