REPL::Scrip Election/ Distribution/ DRP::Choice

Issuer & Securities

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

Announcement Details

Announcement Title
Scrip Election/ Distribution/ DRP
Date &Time of Broadcast
01-Apr-2022 12:18:39
Status
Replacement
Corporate Action Reference
SG220221DVOPQU2Z
Submitted By (Co./ Ind. Name)
Shaldine Wang
Designation
CEO
Dividend/ Distribution Number
Applicable
Value
5
Financial Year End
31/12/2021
Declared Dividend/ Distribution Rate (Per Share/ Unit)
GBP 0.028
Dividend/ Distribution Period
01/07/2021 TO 31/12/2021
Number of Days
184

Event Narrative

Narrative Type
Narrative Text
Additional TextPlease refer to the attached issue and listing of 2,417,120 new units under the Distribution Reinvestment Plan.
Additional TextElite Commercial REIT has announced a distribution of GBP 2.80 pence per unit for the period from 1 July 2021 to 31 December 2021.
Taxation ConditionsThe Distribution will be out of tax-exempt income and therefore exempt from Singapore income tax in the hands of all Unitholders.

Event Dates

Record Date and Time
01/03/2022 17:00:00
Ex Date
28/02/2022

Option 1-Cash Payment Details

Election Period
09/03/2022 TO 18/03/2022
Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Tax Exempted
Gross Rate (Per Share)
GBP 0.028
Net Rate (Per Share)
GBP 0.028
Pay Date
31/03/2022
Gross Rate Status
Actual Rate
Currency Pair
SGD/GBP
Exchange Rate
1.8001
Gross Rate in Option Currency
SGD 0.050403

Option 2-Cash Payment Details

Election Period
09/03/2022 TO 18/03/2022
Default Option
No
Option Currency
United Kingdom Pound
Payment Type
Tax Exempted
Gross Rate (Per Share)
GBP 0.028
Net Rate (Per Share)
GBP 0.028
Pay Date
31/03/2022
Gross Rate Status
Actual Rate

Security Option Details

Election Period
09/03/2022 TO 18/03/2022
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 0.6237
Security Credit Date
31/03/2022

Attachments

Elite CREIT-Issue and Listing of DRP units 2H21.pdf
Total size =71K

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Applicable for REITs/ Business Trusts/ Stapled Securities