Notice To Unitholders On Exchange Rate For Computation Of Distribution In Pounds
BackMar 11, 2021
| Announcement Title | Cash Dividend/ Distribution |
| Date & Time of Broadcast | Mar 11, 2021 18:22 |
| Status | Replace |
| Corporate Action Reference | SG210202DVCAAK1K |
| Submitted By (Co./ Ind. Name) | Shaldine Wang |
| Designation | CEO |
| Dividend/ Distribution Number | Not Applicable |
| Dividend/ Distribution Type | Final |
| Financial Year End | 31/12/2020 |
| Declared Dividend/ Distribution Rate (Per Share/ Unit) | GBP 0.0249 |
| Dividend/ Distribution Period | 01/07/2020 TO 31/12/2020 |
| Number of Days | 184 |
| Event Narrative | |
| Narrative Type | Narrative Text |
| Additional Text | Subsequent to the announcement on Notice of Record and Distribution Payment Date on 1 February 2021, which was subsequently superseded by another announcement made on 2 February 2021 (REF: SG210202DVCAAK1K), a Notice to Unitholders on the exchange rate for the computation of the distribution is attached. Please refer to the attached. |
| Additional Text | Elite Commercial REIT has announced a distribution of GBP 2.49 pence per unit for the period from 1 July 2020 to 31 December 2020. |
| Taxation Conditions | The Distribution will be out of capital which represents a return of capital to Unitholders for Singapore income tax purposes and therefore exempt Singapore income tax in the hands of all Unitholders. |
| 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 | 11/02/2021 12:00:00 |
| Ex Date | 10/02/2021 |
| Option 1-Cash Payment Details | |
| Election Period | 25/02/2021 TO 08/03/2021 |
| Default Option | Yes |
| Option Currency | Singapore Dollar |
| Payment Type | Tax Exempted |
| Gross Rate (Per Share) | GBP 0.0249 |
| Net Rate (Per Share) | GBP 0.0249 |
| Pay Date | 19/03/2021 |
| Gross Rate Status | Actual Rate |
| Currency Pair | SGD/GBP |
| Exchange Rate | 1.866 |
| Gross Rate in Option Currency | SGD 0.046463 |
| Option 2-Cash Payment Details | |
| Election Period | 25/02/2021 TO 08/03/2021 |
| Default Option | No |
| Option Currency | United Kingdom Pound |
| Payment Type | Tax Exempted |
| Gross Rate (Per Share) | GBP 0.0249 |
| Net Rate (Per Share) | GBP 0.0249 |
| Pay Date | 19/03/2021 |
| Gross Rate Status | Actual Rate |
Applicable for REITs/ Business Trusts/ Stapled Securities |
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Attachments
- Attachment 1 (Size: 74,808 bytes)
