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
27-Mar-2024 17:28:10
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 Text
Please refer to the attached issue and listing of 764,544 new units under the Distribution Reinvestment Plan.
Additional Text
Elite 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 Conditions
The 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
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-Issue and Listing of New Units under the DRP.pdf
Total size =112K
Related Announcements
Related Announcements
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27/02/2024 21:47:42
19/02/2024 07:59:39
Applicable for REITs/ Business Trusts/ Stapled Securities