REPL::Cash Dividend/ Distribution::Choice

Issuer & Securities

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

Announcement Details

Announcement Title
Cash Dividend/ Distribution with Choice
Date &Time of Broadcast
02-Sep-2020 18:25:51
Status
Replacement
Corporate Action Reference
SG200723DVCA3WCG
Submitted By (Co./ Ind. Name)
Shaldine Wang
Designation
CEO
Dividend/ Distribution Number
Not Applicable
Dividend/ Distribution Type
Interim
Financial Year End
31/12/2020
Declared Dividend/ Distribution Rate (Per Share/ Unit)
GBP 0.0195
Dividend/ Distribution Period
06/02/2020 TO 30/06/2020
Number of Days
146

Event Narrative

Narrative Type
Narrative Text
Additional TextSubsequent to the announcement on Notice of Record and Distribution Payment Date on 23 July 2020, a Notice to Unitholders on the exchange rate for the computation of the distribution is attached. Please refer to the attached.
Additional TextElite Commercial REIT has announced a distribution of GBP 1.95 pence per unit for the period from 6 February 2020 (listing date) to 30 June 2020.
Taxation ConditionsThe Distribution will be out of tax-exempt income and therefore exempt from Singapore income tax in the hands of all Unitholders.
Additional TextOversea-Chinese Banking Corporation Limited ("OCBC") and UBS AG, Singapore Branch ("UBS") are the joint issue managers for the Offering.
Additional TextOCBC, UBS, CGS-CIMB Securities (Singapore) Pte. Ltd. and China International Capital Corporation (Singapore) Pte. Limited are the joint bookrunners and underwriters for the Offering (collectively, the "Joint Bookrunners").

Event Dates

Record Date and Time
03/08/2020 17:00:00
Ex Date
30/07/2020

Option 1-Cash Payment Details

Election Period
14/08/2020 TO 26/08/2020
Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Tax Exempted
Gross Rate (Per Share)
GBP 0.0195
Net Rate (Per Share)
GBP 0.0195
Pay Date
11/09/2020
Gross Rate Status
Actual Rate
Currency Pair
SGD/GBP
Exchange Rate
1.8202
Gross Rate in Option Currency
SGD 0.035494
Note- Any information entered in narrative will not be used in processing
Narrative Type
Narrative Text
Additional TextThe exchange rate is GBP1=SGD1.8202 as of 2 September 2020.

Option 2-Cash Payment Details

Election Period
14/08/2020 TO 26/08/2020
Default Option
No
Option Currency
United Kingdom Pound
Payment Type
Tax Exempted
Gross Rate (Per Share)
GBP 0.0195
Net Rate (Per Share)
GBP 0.0195
Pay Date
11/09/2020
Gross Rate Status
Actual Rate

Attachments

Related Announcements

Related Announcements

23/07/2020 08:11:57

Applicable for REITs/ Business Trusts/ Stapled Securities