The company said in a filing on Sunday it plans to use half of the proceeds to repay loans. The share price of Sunac Services plunged as much as 13.8per cent to HKUS$14.28. Sunac also sold a 5.1per cent stake in Sunac Services at HKUS$14.75 per share to raise HKUS$2.33 billion. Sunac dropped as much as 9.2per cent to HKUS$15.48 in early trading, after issuing 335 million shares, or 6.7per cent of total shares including the fresh placement, at HKUS$15.18 apiece, raising HKUS$5.1 billion. Please contact the AMP Share Registry by phone between 8.30am and 5.00pm (Sydney time) Monday to Friday.HONG KONG :Shares of Sunac China and its services unit dropped on Monday after the Chinese developer raised a total of HKUS$7.4 billion (US$949.70 million) by issuing new shares and selling a stake in Sunac Services. The capital management strategy will be reviewed following the completion of the proposed demerger next year. We will continue to maintain a conservative approach to capital management, including the payment of dividends, to support the transformation of AMP. DividendsĪs previously advised, in August 2021, the Board resolved not to declare a half-year 2021 dividend. Further information about the demerger will be announced in due course. If it proceeds, eligible AMP shareholders will receive shares in Private Markets (new ASX listing), in addition to their AMP shareholding. A demerger would be subject to final AMP Board approval, required regulatory approvals, applicable consents and approval from AMP’s shareholders. In April 2021, AMP announced its intention to demerge the AMP Capital private markets business - comprising of infrastructure equity, infrastructure debt and real estate businesses (Private Markets). Read the Sale Facility overview by clicking on the link below. You should seek independent legal and financial advice (including tax advice) specific to your circumstances when determining whether to participate in the Sale Facility. To keep your AMP shares, you needed to complete a Keep My shares form by 5.00pm (Sydney, Australia time) on Monday, 8 November 2021, otherwise your AMP Shares were sold in the Sale Facility.ĪMP makes no recommendation as to whether you should sell your Shares under the Sale Facility. Holders could donate the proceeds of the sale of their Shares to charity by completing a Donate my Shares form by 5.00pm (Sydney, Australia time) on Monday, 8 November 2021.
The Sale Facility was available to shareholders who held between 1 and 442 AMP Shares on Friday, 27 August 2021 ( Record Date), based on the Australian Securities Exchange ( ASX) closing price of $1.13 per Share ( Eligible Shareholders). The Sale Facility provided shareholders who held a parcel of AMP Shares valued less than A$500 ( Small Shareholdings) a convenient and cost-effective way to sell their shares. Phone: Australia 1300 338 164 New Zealand 0800 444 152 Other countries +61 3 9415 4018Įmail: the announcement on 12 August 2021, AMP Limited ( AMP) established a small shareholding sale facility ( Sale Facility) which operated from Monday, 20 September 2021 to Monday, 8 November 2021. The sale proceeds (A$1.0929 per share) were paid to eligible shareholders on 10 December 2021.įor all enquiries please contact the AMP Share Registry by phone between 8.30am and 5.00pm (Sydney time) Monday to Friday.
Shares which participated in the Sale Facility were sold between 12 November and 2 December 2021.