Medi-Flex

Medi-Flex: The exit offer of $0.15 is currently unconditional, with the offeror receiving 82.68% valid acceptances as at 30 Dec 2013. The $0.15 offer made on the illiquid counter is at a 39% premium on its 12-month VWAP, and a 218% premium on the group's NAV as at 31 Aug 2013. The offeror intends to make a compulsory acquisition upon receiving 90% acceptances. Otherwise, shareholders will be given a share certificate for his delisted shares. Independent financial advisor ACA has deemed the offer fair and reasonable and not prejudicial to the interests of the Shareholders. The closing date for the offer will be at 5.30pm on 20 Jan 2014.