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Wednesday, December 29, 2010

First Reit - results of the rights issue

First Reit - results of the rights issue:
Key Points
  • Valid acceptances and excess applications for a total of 425,875,570 Right
    Units (as defined herein), representing approximately 123.2% of the total number of Rights Units available under the underwritten renounceable rights issue (the “Rights Issue”) of 345,664,382 new units in First REIT (“Rights Units”), were received as at the close of the Rights Issue on 22 December 2010.
  • The Manager expects that the Rights Units will be issued on or about 30 December 2010.
  • The Manager further expects that the Rights Units will be listed and quoted on the Main Board of the SGX-ST with effect from 9.00 a.m. on 31 December 2010.
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