Key Points
- The manager of First REIT has today lodged with the MAS the offer information statement (“Offer Information Statement”) in relation to the issue of 345,664,382 new units in First REIT on a fully underwritten and renounceable basis to Eligible Unitholders on a pro rata basis of five Rights Units for every four existing Units held as at 5.00 p.m. on 3 December 2010 at the issue price of S$0.50 per Rights Unit, fractional entitlements to be disregarded, to raise gross proceeds of approximately S$172.8 million.
- The Offer Information Statement is available on the website of the MAS at www.mas.gov.sg and will be despatched on 8 December 2010 to Eligible Unitholders.
For holders of the rights, do take note of the IMPORTANT DATES AND TIMES as indicated in the guidelines and OIS:
| Last date and time for trading of Rights Entitlements | 16 December 2010 at 5.00 p.m. |
| Last date and time for acceptance of Rights Entitlements and payment for Right Units | 22 December 2010 at 5.00 p.m. (9.30 p.m. for Electronic Applications through ATMs of Participating Banks) |
| Last date and time for application and payment for Excess Rights Units | 22 December 2010 at 5.00 p.m. (9.30 p.m. for Electronic Applications through ATMs of Participating Banks) |
The Offer Information Statement can also be found in the MAS Opera site. Look under the category Collective Investment Scheme Offers, and click on the Latest link.
Related Posts
- First Reit - Notice of Rights Issue Books Closure Date
- The Expanded First Reit Post Rights Issue and Acquisitions
- First Reit - Follow up details of the proposed acquisition and rights issue - 10 NOV 2010
- First Reit - proposed acquisitions and rights issue - 9 NOV 2010
- All about REIT - Rights Issue Part 2: What happens during a Rights Issue
- All about REIT - Rights Issue Part 1: Terms and Definition
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