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
11-Mar-2021 18:22:25
Status
Replacement
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 TextSubsequent 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2021, which was subsequently superseded by another announcement made on 2 February 2021 (REF: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 TextElite 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 ConditionsThe 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 TextOversea-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 TextOversea-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

Attachments

Related Announcements

Related Announcements

02/02/2021 17:59:30

Applicable for REITs/ Business Trusts/ Stapled Securities