My post on LinkedIn can be seen here.
At Income’s Annual General Meeting held yesterday evening, it became evident that many long-time shareholders, particularly those from the Pioneer Generation, were deeply disappointed by the collapse of the proposed Allianz deal.
Several shareholders took the opportunity to thank the Board for its efforts in facilitating a potential exit, which they had long awaited.
Voicing strong support for the deal, some shareholders criticized those who had opposed it, stating clearly that the dissenters represented only a small minority. They emphasized that critics should not presume to speak on behalf of the broader shareholder base.
For many ageing shareholders, the Allianz offer—valued at SGD 40.58 per share—had presented a long-awaited chance to realise their investments. With the deal off the table, they are left hoping for a future exit opportunity, though it remains uncertain whether any new offer will match the terms previously proposed.
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