Issue Price Of New Units Pursuant To The Distribution Reinvestment Plan For The Distribution Period From 1 January 2023 To 30 June 2023
BackAug 16, 2023
| Announcement Title | Scrip Election/ Distribution/ DRP |
| Date & Time of Broadcast | Aug 16, 2023 19:20 |
| Status | Replace |
| Corporate Action Reference | SG230807DVOP5UO6 |
| Submitted By (Co./ Ind. Name) | Liaw Liang Huat Joshua |
| Designation | CEO |
| Dividend/ Distribution Number | Applicable |
| Value | 8 |
| Dividend/ Distribution Type | Interim |
| Financial Year End | 31/12/2023 |
| Declared Dividend/ Distribution Rate (Per Share/ Unit) | GBP 0.0174 |
| Dividend/ Distribution Period | 01/01/2023 TO 30/06/2023 |
| Number of Days | 181 |
| Event Narrative | |
| Narrative Type | Narrative Text |
| Additional Text | Further to the announcement dated 7 August 2023 in relation to the application of DRP to distribution of GBP1.74 pence per unit in Elite Commercial REIT ("Unit") for the period from 1 January 2023 to 30 June 2023 (the "Distribution"), the issue price of the new Units to be issued under the DRP in respect of the Distribution is GBP0.2827 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 Notices 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 5.30 p.m. on Friday, 8 September 2023. |
| Additional Text | Please refer to the attached. |
| Event Dates | |
| Record Date and Time | 16/08/2023 17:00:00 |
| Ex Date | 15/08/2023 |
| Option 1-Cash Payment Details | |
| Election Period | 28/08/2023 TO 08/09/2023 |
| Default Option | Yes |
| Option Currency | Singapore Dollar |
| Payment Type | Tax Exempted |
| Gross Rate (Per Share) | GBP 0.0174 |
| Net Rate (Per Share) | GBP 0.0174 |
| Pay Date | 21/09/2023 |
| Gross Rate Status | Actual Rate |
| Currency Pair | SGD/GBP |
| Option 2-Cash Payment Details | |
| Election Period | 28/08/2023 TO 08/09/2023 |
| Default Option | No |
| Option Currency | United Kingdom Pound |
| Payment Type | Tax Exempted |
| Gross Rate (Per Share) | GBP 0.0174 |
| Net Rate (Per Share) | GBP 0.0174 |
| Pay Date | 21/09/2023 |
| Gross Rate Status | Actual Rate |
| Security Option Details | |
| Election Period | 28/08/2023 TO 08/09/2023 |
| 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 0.2827 |
| Security Credit Date | 21/09/2023 |
Applicable for REITs/ Business Trusts/ Stapled Securities |
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Attachments
- Attachment 1 (Size: 76,667 bytes)
