Issue Price Of New Units Pursuant To The Distribution Reinvestment Plan For The Distribution Period From 9 March 2021 To 30 June 2021
BackAug 12, 2021
| Announcement Title | Scrip Election/ Distribution/ DRP |
| Date & Time of Broadcast | Aug 12, 2021 12:19 |
| Status | Replace |
| 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 | Further to the announcement dated 2 August 2021 in relation to the application of DRP to the distribution of GBP 1.73 pence per unit ("Unit") for the period from 9 March 2021 to 30 June 2021 (the "Distribution"), the issue price of the new Units to be issued under the DRP in respect of the Distribution is GBP 0.6451 per Unit. |
| 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 | Unitholders who wish to participate in the DRP or receive their Distribution in GBP will have to complete the Notice of Election and send it to the Manager c/o The Central Depository (Pte) Limited at the address(es) indicated on the Notices of Election, such that it is received by 5.00 p.m. on Friday, 3 September 2021. |
| 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 |
| Issue/ Reinvestment Price | GBP 0.6451 |
| Security Credit Date | 24/09/2021 |
Applicable for REITs/ Business Trusts/ Stapled Securities |
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Attachments
- Attachment 1 (Size: 329,259 bytes)
