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-Mar-2022 19:23:24
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 TextFurther to the announcement dated 21 February 2022 in relation to the application of DRP to the distribution of GBP 2.80 pence per unit ("Unit") for the period from 1 July 2021 to 31 December 2021 (the "Distribution"), the issue price of the new Units to be issued under the DRP in respect of the Distribution is GBP 0.6237 per Unit.
Taxation ConditionsThe Distribution will be out of tax-exempt income and therefore exempt from Singapore income tax in the hands of all Unitholders.
Additional TextUnitholders who wish to participate in the DRP or receive their Distribution in GBP will have to complete the Notices of Election and send it to the Manager c/o The Central Depository (Pte) Limited at the address(es) indicated on the Notices of Election, such that it is received by 5.00 p.m. on Friday, 18 March 2022.
Additional TextPlease refer to the attached.

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

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

Related Announcements

Applicable for REITs/ Business Trusts/ Stapled Securities