| Part I |
| 1. |
Date of notice to issuer |
23/11/2009 |
| 2. |
Name of Director |
M.L. Chandchutha Chandratat |
| 3. |
Notice Type |
Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest. |
| Part II |
| 1. |
Date of change of Shareholding |
23/11/2009 |
| 2. |
Name of Registered Holder |
M.L. Chandchutha Chandratat |
| 3. |
Circumstance(s) giving rise to the interest or change in interest |
Right Issue
Subscription of 117,000 (all) pro-rata rights entitlements arising from Mermaid's renounceable underwritten rights issue of 243,542,403 rights shares at a price of SG$0.64 for each rights share on the basis of nine (9) rights shares for every twenty (20) existing ordinary shares in the capital of Mermaid. |
| 4. |
Information relating to shares held in the name of the Registered Holder |
| |
| No. of Shares held before the change |
260,000 |
| As a percentage of issued share capital |
0.0480 % |
| No. of Shares which are subject of this notice |
117,000 |
| As a percentage of issued share capital |
0.0216 % |
| Amount of consideration (excluding brokerage and stamp duties) per share paid or received |
0.64 |
| No. of Shares held after the change |
377,000 |
| As a percentage of issued share capital |
0.0696 % |
|
| Part III - Not Required |
| Part IV |
| 1. |
Holdings of Director, including direct and deemed interest : |
| |
| |
Direct |
Deemed |
| No. of shares held before the change |
260,000 |
0 |
| As a percentage of issued share capital |
0.0480 % |
0.00 % |
| No. of shares held after the change |
377,000 |
0 |
| As a percentage of issued share capital |
0.0480 % |
0.00 % |
| Footnotes |
1. The percentage computed before the change and which is also subject to this notice was based on 541,205,340 issued shares, being the total number of issued shares of Mermaid pre-rights issue as at 20 November 2009.
2. The percentage computed after the change was based on 784,747,743 issued shares, being the total number of issued shares of Mermaid post-rights issue as at 23 November 2009.
3. The net effect is that the change in interest only increases the number of shares held but does not result in a change to the percentage of issued share capital since the director subscribed to his full pro-rata rights entitlements under Mermaid's rights issue, and the total number of issued shares in Mermaid also increased on the same pro-rata basis as a result of Mermaid's rights issue. |
|
