Circular to Shareholders - Fraser and Neave Limited
Circular to Shareholders - Fraser and Neave Limited
Circular to Shareholders - Fraser and Neave Limited
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DEFINITIONS<br />
In this <strong>Circular</strong>, the following defi nitions apply throughout unless the context otherwise requires:<br />
“9M 2012” : The nine months ended 30 June 2012<br />
“9M 2012 Statements” : The unaudited consolidated fi nancial statements of the F&N Group for<br />
the nine months ended 30 June 2012<br />
“ACRA” : The Accounting <strong>and</strong> Corporate Regula<strong>to</strong>ry Authority of Singapore<br />
“Act” : The Companies Act, Chapter 50 of Singapore<br />
“Additional Shares” : The new Shares <strong>to</strong> be issued by the Company for the purpose of<br />
capitalising approximately $3,544 million of the revenue reserves<br />
of the Company, as described in paragraph 6.1.1 of the Letter <strong>to</strong><br />
<strong>Shareholders</strong> in this <strong>Circular</strong>, which Shares will be cancelled in their<br />
entirety upon being issued<br />
“Agreements” : The APBL Agreement <strong>and</strong> the APIPL Agreement<br />
“Announcement” : The announcement by the Company dated 18 August 2012 that the<br />
Company had entered in<strong>to</strong> the Agreements with Heineken in respect<br />
of the Proposed Transaction<br />
“Announcement Date” : 18 August 2012<br />
“APBL” : Asia Pacifi c Breweries <strong>Limited</strong><br />
“APBL Agreement” : The agreement dated 18 August 2012 between the Company <strong>and</strong><br />
Heineken in respect of the sale <strong>and</strong> purchase of the APBL Sale<br />
Shares<br />
“APBL Sale Shares” : 18,753,887 APBL Shares held directly by the Company<br />
“APBL Sale Shares<br />
Completion”<br />
“APBL Sale Shares<br />
Conditions”<br />
: The completion of the sale <strong>and</strong> purchase of the APBL Sale Shares in<br />
accordance with the terms of the APBL Agreement<br />
: The conditions <strong>to</strong> the APBL Sale Shares Completion, as more<br />
particularly set out in paragraph 2.3.1 of the Letter <strong>to</strong> <strong>Shareholders</strong> in<br />
this <strong>Circular</strong><br />
“APBL Shares” : Ordinary shares in the issued share capital of APBL<br />
“APIPL” : Asia Pacifi c Investment Pte Ltd<br />
“APIPL Agreement” : The agreement dated 18 August 2012 between the Company <strong>and</strong><br />
Heineken in respect of the sale <strong>and</strong> purchase of the APIPL Sale<br />
Shares<br />
“APIPL Sale Shares” : All the ordinary <strong>and</strong> preference shares in the issued share capital of<br />
APIPL held by the Company, comprising 41,175,000 ordinary shares,<br />
6,250,000 redeemable participating preference shares, 25,500,000<br />
redeemable preference shares <strong>and</strong> 16,808 redeemable “A” preference<br />
shares in the issued share capital of APIPL<br />
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