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
20-Mar-2024 18:39:39
Status
Replacement
Corporate Action Reference
SG240219DVOPCO9H
Submitted By (Co./ Ind. Name)
Liaw Liang Huat Joshua
Designation
CEO
Dividend/ Distribution Number
Applicable
Value
9
Dividend/ Distribution Type
Interim
Financial Year End
31/12/2023
Declared Dividend/ Distribution Rate (Per Share/ Unit)
GBP 0.0133
Dividend/ Distribution Period
01/07/2023 TO 31/12/2023
Number of Days
184

Event Narrative

Narrative Type
Narrative Text
Additional TextSubsequent to the announcement on Notice of Record and Distribution Payment Date released on 19 February 2024, please refer to the attached Notice to Unitholders on Exchange Rate for Computation of Distribution in Pounds.
Additional TextElite Commercial REIT has announced a distribution of GBP 1.33 pence per unit for the period from 1 July 2023 to 31 December 2023.
Taxation ConditionsThe Distribution will be out of tax-exempt income and therefore exempt from Singapore income tax in the hands of all Unitholders.
Additional TextPlease refer to the attached.

Event Dates

Record Date
27/02/2024
Ex Date
26/02/2024

Option 1-Cash Payment Details

Election Period
07/03/2024 TO 15/03/2024
Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Tax Exempted
Gross Rate (Per Share)
GBP 0.0133
Net Rate (Per Share)
GBP 0.0133
Pay Date
28/03/2024
Gross Rate Status
Actual Rate
Currency Pair
SGD/GBP
Exchange Rate
1.7077
Gross Rate in Option Currency
SGD 0.022712

Option 2-Cash Payment Details

Election Period
07/03/2024 TO 15/03/2024
Default Option
No
Option Currency
United Kingdom Pound
Payment Type
Tax Exempted
Gross Rate (Per Share)
GBP 0.0133
Net Rate (Per Share)
GBP 0.0133
Pay Date
28/03/2024
Gross Rate Status
Actual Rate

Security Option Details

Election Period
07/03/2024 TO 15/03/2024
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 0.2608
Security Credit Date
28/03/2024

Attachments

Elite Commercial REIT-Notice on Exchange Rate for Computation of Distribution in GBP.pdf
Total size =114K

Related Announcements

Related Announcements

27/03/2024 17:28:10
27/02/2024 21:47:42
19/02/2024 07:59:39

Applicable for REITs/ Business Trusts/ Stapled Securities