(I) Notice Of Record And Distribution Payment Date (II) Application Of Distribution Reinvestment Plan To Distribution
BackAug 02, 2021
| Announcement Title | Scrip Election/ Distribution/ DRP |
| Date & Time of Broadcast | Aug 2, 2021 8:12 |
| Status | New |
| Corporate Action Reference | SG210802DVOPTV9K |
| Submitted By (Co./ Ind. Name) | Shaldine Wang |
| Designation | CEO |
| Dividend/ Distribution Number | Applicable |
| Value | 4 |
| Dividend/ Distribution Type | Interim |
| Financial Year End | 31/12/2021 |
| Declared Dividend/ Distribution Rate (Per Share/ Unit) | GBP 0.0173 |
| Dividend/ Distribution Period | 09/03/2021 TO 30/06/2021 |
| Number of Days | 114 |
| Event Narrative | |
| Narrative Type | Narrative Text |
| Additional Text | Elite Commercial REIT (the "REIT") has announced a distribution of GBP 1.73 pence per unit for the period from 9 March 2021 to 30 June 2021 ("Distribution"). |
| Taxation Conditions | The Distribution will be out of tax-exempt income and therefore exempt from Singapore income tax in the hands of all Unitholders. |
| Additional Text | Further to the announcement dated 28 June 2021 in relation to the establishment of a distribution reinvestment plan ("DRP"), the Manager has determined that the DRP will apply to this Distribution. |
| Additional Text | Please refer to the attached. |
| Additional Text | Oversea-Chinese Banking Corporation Limited and UBS AG, Singapore Branch are the joint issue managers for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Issue Managers"). |
| Additional Text | Oversea-Chinese Banking Corporation Limited, UBS AG, Singapore Branch, CGS-CIMB Securities (Singapore) Pte. Ltd. and China International Capital Corporation (Singapore) Pte. Limited are the joint bookrunners and underwriters for the initial public offering of units in Elite Commercial REIT (collectively, the "Joint Bookrunners and Underwriters"). |
| Event Dates | |
| Record Date and Time | 11/08/2021 17:00:00 |
| Ex Date | 10/08/2021 |
| Option 1-Cash Payment Details | |
| Election Period | 20/08/2021 TO 03/09/2021 |
| Default Option | Yes |
| Option Currency | Singapore Dollar |
| Payment Type | Tax Exempted |
| Gross Rate (Per Share) | GBP 0.0173 |
| Net Rate (Per Share) | GBP 0.0173 |
| Pay Date | 24/09/2021 |
| Gross Rate Status | Actual Rate |
| Currency Pair | SGD/GBP |
| Option 2-Cash Payment Details | |
| Election Period | 20/08/2021 TO 03/09/2021 |
| Default Option | No |
| Option Currency | United Kingdom Pound |
| Payment Type | Tax Exempted |
| Gross Rate (Per Share) | GBP 0.0173 |
| Net Rate (Per Share) | GBP 0.0173 |
| Pay Date | 24/09/2021 |
| Gross Rate Status | Actual Rate |
| Security Option Details | |
| Election Period | 20/08/2021 TO 03/09/2021 |
| New Security ISIN | SGXC59097235 |
| New Security Name | ELITE COMMERCIAL REIT |
| Security Not Found | No |
| Fractional Disposition Method | Round down fraction to last full unit |
Applicable for REITs/ Business Trusts/ Stapled Securities |
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Attachments
- Attachment 1 (Size: 3,945,743 bytes)
