Unless otherwise defined, capitalised terms used herein shall have the meanings ascribed to them in the announcement of Silverlake Axis Ltd dated 9 November 2018 (“Proposed Acquisition Announcement”).
The board of directors of Silverlake Axis Ltd (the “Company” or “SAL”) refers to the Proposed Acquisition Announcement and wishes to announce that SAL has entered into a supplemental letter on 24 January 2019 (“Supplemental Letter”) with the Seller and the Guarantors to amend the following terms of the SPA:
A copy of the Supplemental Letter will be available for inspection at the office of the Company’s Share Transfer Agent, Boardroom Corporate & Advisory Services Pte. Ltd., at 50 Raffles Place #32-01 Singapore Land Tower, Singapore 048623, during normal business hours for a period of three (3) months from the date hereof.
Pursuant to the terms of the SPA and the Supplemental Letter, the board of directors of the Company is pleased to announce that the Proposed Acquisition was completed on 25 January 2019 (“Completion Date”) and the Upfront Amount of EUR12,608,000 was paid to the Seller on the Completion Date. Following the completion of the Proposed Acquisition, SAL now owns eighty percent (80%) of the equity interest in SIA X Infotech Group.
By Order of the Board
Dr Kwong Yong Sin
Group Managing Director
25 January 2019