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NOTICE OF ANNUAL GENERAL MEETING
Oversea-Chinese Banking Corporation Limited
(Incorporated in Singapore)
(Company Reg. No: 193200032W)
Based on the existing issued ordinary shares of the Bank as at the Latest Practicable Date, the purchase by the Bank of 5% of its issued
ordinary shares (disregarding the ordinary shares held in treasury) will result in the purchase or acquisition of 209,250,221 ordinary shares.
Assuming that the Bank purchases or acquires the 209,250,221 ordinary shares at the Maximum Price, the maximum amount of funds
required is approximately:
(a) (in the case of market purchases of ordinary shares) S$2,891.84 million based on S$13.82 for one ordinary share (being the price
equivalent to 5% above the Average Closing Price of the ordinary shares traded on the SGX-ST for the five consecutive market days
immediately preceding the Latest Practicable Date); and
(b) (in the case of off-market purchases of ordinary shares) S$3,029.94 million based on S$14.48 for one ordinary share (being the price
equivalent to 10% above the Average Closing Price of the ordinary shares traded on the SGX-ST for the five consecutive market days
immediately preceding the Latest Practicable Date).
The financial effects of the purchase or acquisition of such ordinary shares by the Bank pursuant to the proposed Share Purchase
Mandate on the audited financial statements of the Group and the Bank for the financial year ended 31 December 2017 based on these
assumptions are set out in paragraph 2.7 of the Bank’s Letter to Shareholders dated 6 April 2018 (the “Letter”).
Please refer to the Letter for more details.
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OCBC ANNUAL REPORT 2017