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
23-Sep-2021 17:16:27
Status
Replacement
Corporate Action Reference
SG210802DVOPTV9K
Submitted By (Co./ Ind. Name)
Shaldine Wang
Designation
CEO
Dividend/ Distribution Number
Applicable
Value
4
Dividend/ Distribution Type
Interim
Financial Year End
31/12/2021
Declared Dividend/ Distribution Rate (Per Share/ Unit)
GBP 0.0173
Dividend/ Distribution Period
09/03/2021 TO 30/06/2021
Number of Days
114

Event Narrative

Narrative Type
Narrative Text
Additional TextPlease refer to the attached issue and listing of 2,966,021 new units under the Distribution Reinvestment Plan.
Taxation ConditionsElite Commercial REIT has announced a distribution of GBP 1.73 pence per unit for the period from 9 March 2021 to 30 June 2021.
Additional TextThe 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 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
11/08/2021 17:00:00
Ex Date
10/08/2021

Option 1-Cash Payment Details

Election Period
20/08/2021 TO 03/09/2021
Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Tax Exempted
Gross Rate (Per Share)
GBP 0.0173
Net Rate (Per Share)
GBP 0.0173
Pay Date
24/09/2021
Gross Rate Status
Actual Rate
Currency Pair
SGD/GBP
Exchange Rate
1.854
Gross Rate in Option Currency
SGD 0.032074

Option 2-Cash Payment Details

Election Period
20/08/2021 TO 03/09/2021
Default Option
No
Option Currency
United Kingdom Pound
Payment Type
Tax Exempted
Gross Rate (Per Share)
GBP 0.0173
Net Rate (Per Share)
GBP 0.0173
Pay Date
24/09/2021
Gross Rate Status
Actual Rate

Security Option Details

Election Period
20/08/2021 TO 03/09/2021
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 0.6451
Security Credit Date
24/09/2021

Attachments

Related Announcements

Applicable for REITs/ Business Trusts/ Stapled Securities