SHAREHOLDING AND OWNERSHIP STRUCTURE
The Directors and Substantial Shareholders of our Company and their respective shareholdings immediately before and after the Invitation (as at the date of this Offer Document) are summarised below:
Save as disclosed above, there are no relationships among our Directors, Substantial Shareholders and Executive Officers.
As at the Latest Practicable Date, our Company has only one class of shares, being our Shares which are in registered form. There is no restriction on the transfer of fully paid Shares in scripless form except where required by law or the Catalist Rules and as described in the section entitled "Shareholders – Moratorium" of this Offer Document.
The Shares held by our Directors, Chief Executive Officer and Substantial Shareholders do not carry voting rights that are different from the Invitation Shares.
Save as disclosed above, our Directors are not aware of any arrangement, the operation of which may, at a subsequent date, result in a change in control of our Company. There has been no public take-over offer by a third party in respect of our Shares or by our Company in respect of the shares of another corporation or units of business trust which has occurred between 1 January 2016 to the Latest Practicable Date.
Save as disclosed above, our Company is not directly or indirectly owned or controlled, whether jointly or severally by any other corporation, government or person.
Save as disclosed above and in the sections entitled "Restructuring Exercise" and "Share Capital" of this Offer Document, no shares or debentures were issued or agreed to be issued by our Company for cash or for a consideration other than cash since the date of incorporation of our Company and up to the date of lodgement of this Offer Document.
There are no Shares in our Company that are held by or on behalf of our Company or by the subsidiaries of our Company.
SIGNIFICANT CHANGES IN PERCENTAGE OF OWNERSHIP
Save as disclosed above and in the section entitled "Share Capital" of this Offer Document, there were no significant changes in the percentage of ownership of Shares in our Company within the last three years preceding the Latest Practicable Date.
As the SBK Shareholders intend to hold and trade directly in the listed Shares of our Company, and the time required to complete the SBK Distribution would not be insubstantial, SBK Shareholders intend to carry out the SBK Distribution after the listing of our Company on Catalist. The shareholdings of the SBK Shareholders in our Company immediately before and after the completion of the SBK Distribution (in the event that SBK subscribes for and is allotted 26,000,000 Placement Shares at the Invitation) are as follows: