More information on the procedures for acceptance, excess application and payment for the Rights Shares by Entitled Registered Shareholders, and for subscription for the Rights Shares (including, if applicable, subscription for excess Rights Shares) and payment by Entitled VPS Shareholders, may be found in the Offering Circular.
For investors who hold Shares through a nominee, acceptances of and (if applicable) excess applications for, or subscriptions for, the Rights Shares must be done through the nominee. Such investors are advised to provide their respective nominees with the appropriate instructions early in order for such nominees to make the relevant acceptances of and (if applicable) excess applications for, or subscriptions for, the Rights Shares on their behalf by the relevant Closing Date. Any acceptance of and (if applicable) excess applications for, or subscription for, the Rights Shares made directly through the Share Registrar, the VPS Registrar and/or CIMC Raffles will be rejected.
For practical reasons and in order to avoid any violation of any securities laws or other legislation which may be applicable, the Offering Circular and its accompanying documents will only be despatched to Registered Shareholders and VPS Shareholders as at the Books Closure Date with registered addresses in Singapore and Norway, and such other Registered Shareholders and VPS Shareholders as at the Books Closure Date with registered addresses outside Singapore and Norway where CIMC Raffles is satisfied, at its absolute discretion, that it is not precluded from offering the Rights Shares to them either unconditionally or after compliance with conditions which it regards as acceptable.
Non-Entitled Shareholders will not be entitled to participate in the Rights Issue. No provisional allotment of Rights Shares and no issue of VPS Subscription Rights will be made to Non-Entitled Shareholders, and no purported acceptance of and (if applicable) excess application for the Rights Shares, or purported subscription for the Rights Shares (including, if applicable, subscription for excess Rights Shares), by Non-Entitled Shareholders will be valid.
TRADING OF VPS SUBSCRIPTION RIGHTS
Entitled VPS Shareholders may trade their VPS Subscription Rights on the NOTC from 9.00 a.m. on 20 July 2010 to 4.30 p.m. on 26 July 2010, Norwegian time, during which the VPS Subscription Rights will be traded on the NOTC.
The Offering Circular and the accompanying documents will not be despatched to persons purchasing the VPS Subscription Rights on the NOTC (“Purchasers”) if their registered addresses with the VPS Registrar are outside Singapore and Norway (“Foreign Purchasers”). Foreign Purchasers may not trade any VPS Subscription Rights or subscribe for any Rights Shares pursuant to such VPS Subscription Rights unless CIMC Raffles and its counsels are satisfied that such action would not result in the contravention of any applicable securities laws in any jurisdiction. Foreign Purchasers who wish to subscribe for Rights Shares should make the necessary arrangements with the VPS Registrar.
WHERE TO COLLECT THE OFFERING CIRCULAR
Entitled Shareholders who do not receive the Offering Circular and the accompanying documents by 20 July 2010 may obtain copies of the documents from:
In respect of the Offering Circular and the PAL
Kinetica Pte. Ltd. 6 Temasek Boulevard 29th Floor, Suntec Tower Four Singapore 038986