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
16-Aug-2022 19:28:22
Status
Replacement
Corporate Action Reference
SG220805DVOP7TJ9
Submitted By (Co./ Ind. Name)
Shaldine Wang
Designation
CEO
Dividend/ Distribution Number
Applicable
Value
6
Financial Year End
31/12/2022
Declared Dividend/ Distribution Rate (Per Share/ Unit)
GBP 0.0256
Dividend/ Distribution Period
01/01/2022 TO 30/06/2022
Number of Days
181

Event Narrative

Narrative Type
Narrative Text
Additional TextFurther to the announcement dated 5 August 2022 in relation to the application of DRP to the distribution of GBP 2.56 pence per unit ("Unit") for the period from 1 January 2022 to 30 June 2022 (the "Distribution"), the issue price of the new Units to be issued under the DRP in respect of the Distribution is GBP 0.5936 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 5.30 p.m. on Friday, 9 September 2022.
Additional TextPlease refer to the attached.

Event Dates

Record Date and Time
16/08/2022 17:00:00
Ex Date
15/08/2022

Option 1-Cash Payment Details

Election Period
26/08/2022 TO 09/09/2022
Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Tax Exempted
Gross Rate (Per Share)
GBP 0.0256
Net Rate (Per Share)
GBP 0.0256
Pay Date
22/09/2022
Gross Rate Status
Actual Rate
Currency Pair
SGD/GBP

Option 2-Cash Payment Details

Election Period
26/08/2022 TO 09/09/2022
Default Option
No
Option Currency
United Kingdom Pound
Payment Type
Tax Exempted
Gross Rate (Per Share)
GBP 0.0256
Net Rate (Per Share)
GBP 0.0256
Pay Date
22/09/2022
Gross Rate Status
Actual Rate

Security Option Details

Election Period
26/08/2022 TO 09/09/2022
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 0.5936
Security Credit Date
22/09/2022

Attachments

Elite CREIT-Issue Price of New Units Pursuant to the DRP-1H2022.pdf
Total size =75K

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Applicable for REITs/ Business Trusts/ Stapled Securities