RHB Securities Singapore Pte. Ltd. ("RHBSEC") wishes to announce, for and on behalf of 8S Capital Holdings Pte. Ltd. (the "Offeror"), that the Offeror intends to make a voluntary conditional cash offer (the "Offer") for all the issued and paid-up ordinary shares (the "Shares") in the capital of 800 Super Holdings Limited (the "Company"), other than those Shares held, directly or indirectly, by the Offeror as at the date of the Offer (the "Offer Shares").
2. THE OFFER
2.1 In accordance with Rule 15 of The Singapore Code on Take-overs and Mergers (the "Code"), and subject to the terms and conditions set out in the formal offer document to be issued by RHBSEC, for and on behalf of the Offeror (the "Offer Document"), the Offeror will make the Offer for the Offer Shares on the following basis:
For each Offer Share: S$0.90 in cash (the "Offer Price").
THE OFFEROR DOES NOT INTEND TO INCREASE THE OFFER PRICE.
2.2 The Offer Shares are to be acquired (a) fully paid, (b) free from all liens, equities, mortgages, charges, encumbrances, rights of pre-emption and other third party rights and interests of any nature whatsoever, and (c) together with all rights, benefits and entitlements attached thereto as at the date of this Announcement (the "Offer Announcement Date") and hereafter attaching thereto (including the right to receive and retain all dividends, other distributions and return of capital ("Distributions") which may be announced, declared, paid or made thereon by the Company on or after the Offer Announcement Date).