Ann: Letter to Shareholders , page-8

Hi bluedog,

Maybe this link will help ...
http://www.asx.com.au/asxpdf/20120417/pdf/425nq3n1qx60lr.pdf

Basically all SBL holders who accepted the LG offer were likely to get their shares today on the SGX.

I dare say given the original offer price equated to roughly S$0.86 back in October and the LG SP was recently S$1.12 that quite a number of people are cashing out.

Basically LG issued 8.46% of their capital to acquire 76.2% of SBL, so whilst I'd expect a falling SP it shouldn't be too dramatic.

glta