Part B 2017 ACP17_PS02

ACP17_PS02

EQUITY CAPITAL MARKETS

Your client, a Singapore-incorporated company listed on the Main Board of the Singapore Exchange
Securities Trading Limited, would like to raise funds through a placement of shares or a rights issue
of shares.

Your client has the following objectives:

(i) it has already obtained a general share issue mandate from its shareholders at its last Annual
General Meeting to the maximum extent permitted under the SGX-ST listing rules (and
which it has not utilised) and does not wish to convene another shareholders meeting to
seek any further approval from its shareholders;

(ii) it would like to raise a large amount of funds;

(iii) it would like to complete the fundraising as soon as possible, taking into consideration the
upcoming release of its full year financial results;

(iv) it would like to minimise the legal documentation required; and

(v) one or more of its directors may wish to participate in the fundraising.

In order for your client to assess which of the fundraising methods would best achieve the
objectives, please explain in respect of each fundraising method:

(a) when would the requirement to obtain shareholders approval be triggered;

(b) whether there are any limits on the amount of funds that can be raised;

(c) what are the applicable timing restrictions and considerations;

(d) what are the key legal documentation required; and

(e) whether the directors of the client are allowed to participate in the fundraising.

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SILE Part B 2017 - 1 -| P a g e