Rights::Voluntary

Issuer & Securities

Issuer/ Manager: ELITE COMMERCIAL REIT MANAGEMENT PTE. LTD.
Security: ELITE COMMERCIAL REIT - SGXC59097235 - MXNU

Announcement Details

Announcement Title: Propose Non-renounceable Underwritten Rights Issue
Date &Time of Broadcast: 18-Dec-2023 23:55:31
Status: New
Corporate Action Reference: SG231218RHDIAV5C
Submitted By (Co./ Ind. Name): Liaw Liang Huat Joshua
Designation: CEO
Underwritten: Yes
Shareholders' Approval Required?: No
Shareholders' Approval Obtained: No
Foreign Shareholder Eligibility: No

Event Narrative

Narrative Type	Narrative Text
Additional Text	Launch of fully underwritten Non-Renounceable Preferential Offering to raise gross proceeds of approximately GBP28.0 million.
Additional Text	Please refer to the attached.

Dates

Record Date: 27/12/2023
Ex Date: 26/12/2023

Rights Details

Rights Security ISIN: SGXC59097235
Rights Security Name: ELITE COMMERCIAL REIT
Security Not Found?: No
Renounceable: No
Rights Distribution Pay Date: 10/01/2024
Rights Security Distribution Ratio- Underlying: 1,000
Rights Security Distribution Ratio- Rights Security: 214

Option Exercise

Issue Price (Per Rights): GBP 0.27
Exercise Period: 02/01/2024 TO 10/01/2024
Pay Date: 10/01/2024

Renounceable Conditions

Allow Over Subscription: Yes

Attachments

Elite Commercial REIT-Launch of Preferrential Offering.pdf

Elite Commercial REIT-Notice of Record Date.pdf

Total size =653K