Noble Group urges shareholders to receive shares in Noble Holdings

An issuer will hold the shares until 19 December 2019.

Supply chain manager Noble Group Limited, which now calls itself Old Noble, is now undergoing a winding-up process in Bermuda after its restructuring became effective on 20 December 2018. As such, all assets and businesses of Old Noble have been transferred to Noble Group Holdings Limited (Noble Holdings).

According to an SGX filing, shareholders of Old Noble are entitled to receive one share in Noble Holdings for every 10 shares held in Old Noble.

“The board of directors of Noble Holdings confirms that Noble Holdings shareholders will not be required to enter into a shareholders agreement,” the company said, adding that Lucid Issuer Services Limited will commence the share distribution process.

Lucid will hold Old Noble’s shares for distribution until 19 December 2019. Lucid will then begin contacting Old Noble shareholders on 29 July 2019 who have registered for shares through their website.

Visit Singapore Business Review website for other stories.

Your rating: MagBe