REPL::Scrip Election/ Distribution/ DRP::Choice

Issuer & Securities

Issuer/ Manager
FRASERS COMMERCIAL ASSET MANAGEMENT LTD.
Security
FRASERS COMMERCIAL TRUST - SG2C81967185 - ND8U

Announcement Details

Announcement Title
Scrip Election/ Distribution/ DRP
Date &Time of Broadcast
08-May-2019 18:54:40
Status
Replacement
Corporate Action Reference
SG190423DVOPQT7I
Submitted By (Co./ Ind. Name)
Catherine Yeo
Designation
Company Secretary
Dividend/ Distribution Number
Not Applicable
Financial Year End
30/09/2019
Declared Dividend/ Distribution Rate (Per Share/ Unit)
SGD 0.011917
Dividend/ Distribution Period
01/01/2019 TO 31/03/2019
Number of Days
90

Event Narrative

Narrative Type
Narrative Text
Additional TextReference is made to the announcements made on 23 April 2019 on the Notice of Books Closure Date and application of a distribution reinvestment plan ("DRP") for the distribution of 2.4 cents per Unit for the period from 1 January 2019 to 31 March 2019, and 3 May 2019 on the issue price of the new Units to be issued under DRP.
Additional TextThe Notices of Election in respect of the DRP have today been despatched to all eligible unitholders of Frasers Commercial Trust recorded in the Depository Register as at 5.00 p.m. on 2 May 2019.
Additional TextThe Notices of Election must be received by the Unit Registrar by 5.00 p.m. on 17 May 2019 and may not be withdrawn or cancelled upon receipt. Notices of Election received after 5.00 p.m. on 17 May 2019 will not be processed. Please refer to the attached announcement for more information.

Event Dates

Record Date and Time
02/05/2019 17:00:00
Ex Date
30/04/2019

Option 1-Cash Payment Details

Election Period
08/05/2019 TO 17/05/2019
Default Option
Yes
Option Currency
Singapore Dollar
Payment Type
Payment Rate in Gross
Taxable
Yes
Tax Rate(%)
17
Gross Rate (Per Share)
SGD 0.011917
Net Rate (Per Share)
SGD 0.009891
Pay Date
30/05/2019
Gross Rate Status
Actual Rate

Option 2-Cash Payment Details

Election Period
08/05/2019 TO 17/05/2019
Default Option
No
Option Currency
Singapore Dollar
Payment Type
Payment Rate in Gross
Taxable
Yes
Tax Rate(%)
10
Gross Rate (Per Share)
SGD 0.011917
Net Rate (Per Share)
SGD 0.010725
Pay Date
30/05/2019
Gross Rate Status
Actual Rate

Option 3-Cash Payment Details

Election Period
08/05/2019 TO 17/05/2019
Default Option
No
Option Currency
Singapore Dollar
Payment Type
Payment Rate in Gross
Taxable
No
Gross Rate (Per Share)
SGD 0.011917
Net Rate (Per Share)
SGD 0.011917
Pay Date
30/05/2019
Gross Rate Status
Actual Rate

Security Option Details

Election Period
08/05/2019 TO 17/05/2019
New Security ISIN
SG2C81967185
New Security Name
FRASERS COMMERCIAL TRUST
Security Not Found
No
Fractional Disposition Method
Fractional Part for Cash

Attachments

Related Announcements

Applicable for REITs/ Business Trusts/ Stapled Securities