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# Corporate Actions

Fractional Shares Corporate Actions Treatment.

Corporate Action Event | Type | CGS SG Action
Cash Dividend | Mandatory | CGS SG will credit the proceeds of any cash dividend into the Account.
Dividend Reinvestment Plan (DRIP) | Voluntary | Default action is for cash dividend only. CGS SG will credit any dividends from such Investment Products in cash into the Account.
Stock Consolidation (Reverse Stock Split) | Mandatory | CGS SG will adjust the quantity of any Investment Product that is subject to a stock consolidation, accordingly, rounding down to the nearest 0.00001 unit.
Stock Split | Mandatory | CGS SG will adjust the quantity of any Investment Product that is subject to a stock split accordingly, rounding down to the nearest 0.00001 unit.
Bonus Issue | Mandatory | CGS SG will adjust the quantity of any Investment Product that is subject to a bonus issue accordingly, rounding down to the nearest 0.00001 unit. CGS SG will sell any tradable spin-off shares (i.e., new /different share) and distribute the proceeds from such sales in cash into the Account. If the offer comprises non-tradable securities, CGS SG will credit such non-tradable securities into the Account.
Exchange Offer | Voluntary | CGS SG will decline any exchange offer of securities. However, in the event the securities will be delisted after the offer event, CGS SG may exercise its discretion to accept the exchange offer, and thereafter sell and credit the proceeds from such sales in cash into the Account. In the event that cash is offered in respect of the Investment Product, CGS SG will accept the offer and credit the proceeds into the Account.
Cash Offer Tender Offer Takeover Offer Exit Offer Purchase Offer | Voluntary / Mandatory | CGS SG will credit the proceeds of any cash offer into the Account. The Client will NOT be entitled to take up any tender offer, takeover offer, exit offer and purchase offer for any Investment Product held in the Account. In the event the offer is in cash, CGS SG has the discretion to accept the offer and credit the proceeds into the Account. However, in the event of a compulsory acquisition, CGS SG will credit the proceeds into the Account. If the offer comprises non-tradable securities, CGS SG will credit such non-tradable securities into the Account.
Spin-offs (similar to bonus issue but given a different share / warrant) | Mandatory | CGS SG will sell any spin-off shares (i.e., new /different share/warrant) and distribute the proceeds from such sales in cash into the Account. If the spin-off Investment Product is a non-tradable security, CGS SG will credit such non-tradable security into the Account.
Rights Issue/ Rights Exercise | Mandatory | Rights issue shall not be limited to ordinary shares but shall also include warrants, loan stocks, preference rights of shares and any other Investment Products offered by a company. CGS SG will NOT exercise any right to subscribe to any Investment Product under a rights issue/rights exercise. For renounceable rights issue/rights exercise, to the extent that there are interested buyers, CGS SG will renounce the rights that accrue to the Client to subscribe to the Investment Product and sell such entitlements and thereafter distribute the proceeds of such sale in cash into the Account. CGS SG shall not be liable for any unmatched sell order after the end of the relevant trading period, where such entitlements will be forfeited. For non-renounceable rights issue/rights exercise, if such exercise is permitted under the law, CGS SG will NOT take any action.
Odd Lot Offer | Voluntary | CGS SG will NOT take any action.
Voting | Voluntary | The Client shall NOT have the right to vote.
Delisting | Mandatory | The Client will have to sell the shares before the delisting date. Any positions after the delisting date will be removed. The Client will not be able to keep the shares.
Other corporate actions Mergers/Acquisition | Mandatory | In the event that cash is offered in respect of the Investment Product, CGS SG has the discretion to accept the offer and credit the cash into the Account. In the event that tradable shares are offered in respect of the Investment Product, CGS SG has the discretion to accept the offer and thereafter sell any share entitlements and distribute the proceeds of such sale in cash into the Account. In the event that non-tradable shares are offered in respect of the Investment Product, CGS SG will credit such non-tradable securities into the Account.

Corporate Action Event

Cash Dividend

Type

Mandatory

CGS SG Action

CGS SG will credit the proceeds of any cash dividend into the Account.

Corporate Action Event

Dividend Reinvestment Plan (DRIP)

Type

Voluntary

CGS SG Action

Default action is for cash dividend only. CGS SG will credit any dividends from such Investment Products in cash into the Account.

Corporate Action Event

Stock Consolidation (Reverse Stock Split)

Type

Mandatory

CGS SG Action

CGS SG will adjust the quantity of any Investment Product that is subject to a stock consolidation, accordingly, rounding down to the nearest 0.00001 unit.

Corporate Action Event

Stock Split

Type

Mandatory

CGS SG Action

CGS SG will adjust the quantity of any Investment Product that is subject to a stock split accordingly, rounding down to the nearest 0.00001 unit.

Corporate Action Event

Bonus Issue

Type

Mandatory

CGS SG Action

CGS SG will adjust the quantity of any Investment Product that is subject to a bonus issue accordingly, rounding down to the nearest 0.00001 unit.

CGS SG will sell any tradable spin-off shares (i.e., new /different share) and distribute the proceeds from such sales in cash into the Account.

If the offer comprises non-tradable securities, CGS SG will credit such non-tradable securities into the Account.

Corporate Action Event

Exchange Offer

Type

Voluntary

CGS SG Action

CGS SG will decline any exchange offer of securities. However, in the event the securities will be delisted after the offer event, CGS SG may exercise its discretion to accept the exchange offer, and thereafter sell and credit the proceeds from such sales in cash into the Account. In the event that cash is offered in respect of the Investment Product, CGS SG will accept the offer and credit the proceeds into the Account.

Corporate Action Event

Cash Offer

Tender Offer

Takeover Offer

Exit Offer

Purchase Offer

Type

Voluntary / Mandatory

CGS SG Action

CGS SG will credit the proceeds of any cash offer into the Account.

The Client will NOT be entitled to take up any tender offer, takeover offer, exit offer and purchase offer for any Investment Product held in the Account. In the event the offer is in cash, CGS SG has the discretion to accept the offer and credit the proceeds into the Account. However, in the event of a compulsory acquisition, CGS SG will credit the proceeds into the Account.

If the offer comprises non-tradable securities, CGS SG will credit such non-tradable securities into the Account.

Corporate Action Event

Spin-offs (similar to bonus issue but given a different share / warrant)

Type

Mandatory

CGS SG Action

CGS SG will sell any spin-off shares (i.e., new /different share/warrant) and distribute the proceeds from such sales in cash into the Account.

If the spin-off Investment Product is a non-tradable security, CGS SG will credit such non-tradable security into the Account.

Corporate Action Event

Rights Issue/ Rights Exercise

Type

Mandatory

CGS SG Action

Rights issue shall not be limited to ordinary shares but shall also include warrants, loan stocks, preference rights of shares and any other Investment Products offered by a company.

CGS SG will NOT exercise any right to subscribe to any Investment Product under a rights issue/rights exercise.

For renounceable rights issue/rights exercise, to the extent that there are interested buyers, CGS SG will renounce the rights that accrue to the Client to subscribe to the Investment Product and sell such entitlements and thereafter distribute the proceeds of such sale in cash into the Account. CGS SG shall not be liable for any unmatched sell order after the end of the relevant trading period, where such entitlements will be forfeited.

For non-renounceable rights issue/rights exercise, if such exercise is permitted under the law, CGS SG will NOT take any action.

Corporate Action Event

Odd Lot Offer

Type

Voluntary

CGS SG Action

CGS SG will NOT take any action.

Corporate Action Event

Voting

Type

Voluntary

CGS SG Action

The Client shall NOT have the right to vote.

Corporate Action Event

Delisting

Type

Mandatory

CGS SG Action

The Client will have to sell the shares before the delisting date. Any positions after the delisting date will be removed. The Client will not be able to keep the shares.

Corporate Action Event

Other corporate actions

Mergers/Acquisition

Type

Mandatory

CGS SG Action

In the event that cash is offered in respect of the Investment Product, CGS SG has the discretion to accept the offer and credit the cash into the Account.

In the event that tradable shares are offered in respect of the Investment Product, CGS SG has the discretion to accept the offer and thereafter sell any share entitlements and distribute the proceeds of such sale in cash into the Account.

In the event that non-tradable shares are offered in respect of the Investment Product, CGS SG will credit such non-tradable securities into the Account.