Investor RelationsNews

Issue Price Of New Units Pursuant To The Distribution Reinvestment Plan For The Distribution Period From 1 July 2023 To 31 December 2023

BackFeb 27, 2024
Announcement Title Scrip Election/ Distribution/ DRP
Date & Time of Broadcast Feb 27, 2024 21:47
Status Replace
Corporate Action Reference SG240219DVOPCO9H
Submitted By (Co./ Ind. Name) Liaw Liang Huat Joshua
Designation CEO
Dividend/ Distribution Number Applicable
Value 9
Dividend/ Distribution Type Interim
Financial Year End 31/12/2023
Declared Dividend/ Distribution Rate (Per Share/ Unit) GBP 0.0133
Dividend/ Distribution Period 01/07/2023 TO 31/12/2023
Number of Days 184
Event Narrative
Narrative Type Narrative Text
Additional Text Further to the announcement dated 19 February 2024 in relation to the application of DRP to distribution of GBP 1.33 pence per unit in Elite Commercial REIT ("Unit") for the period from 1 July 2023 to 31 December 2023 ("Distribution"), the issue price of the new Units to be issued under the DRP in respect of the Distribution is GBP 0.2608 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, 15 March 2024.
Additional Text Please refer to the attached.
Event Dates
Record Date 27/02/2024
Ex Date 26/02/2024
Option 1-Cash Payment Details
Election Period 07/03/2024 TO 15/03/2024
Default Option Yes
Option Currency Singapore Dollar
Payment Type Tax Exempted
Gross Rate (Per Share) GBP 0.0133
Net Rate (Per Share) GBP 0.0133
Pay Date 28/03/2024
Gross Rate Status Actual Rate
Currency Pair SGD/GBP
Option 2-Cash Payment Details
Election Period 07/03/2024 TO 15/03/2024
Default Option No
Option Currency United Kingdom Pound
Payment Type Tax Exempted
Gross Rate (Per Share) GBP 0.0133
Net Rate (Per Share) GBP 0.0133
Pay Date 28/03/2024
Gross Rate Status Actual Rate
Security Option Details
Election Period 07/03/2024 TO 15/03/2024
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 0.2608
Security Credit Date 28/03/2024

Applicable for REITs/ Business Trusts/ Stapled Securities

Attachments

  1. Attachment 1 (Size: 157,295 bytes)
back to top