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HEKTAR - Notice of Rights Entitlement (Ratio)

Published : 18 Jul 2017
Announced : 18 Jul 2017

Renounceable rights issue of 60,966,061 new units in Hektar Real Estate Investment Trust (Hektar REIT) (Units) (Rights Units) on the basis of 7 Rights Units for every 46 existing Units held in Hektar REIT at 5.00 p.m. on 31 July 2017, at an issue price of RM1.11 per Rights Unit (Rights Issue).

Kindly be advised of the following :

1)    The above Company’s securities will be traded and quoted “Ex-Rights Issue” as from: 27 Jul 2017
2)    The last date of lodgment : 31 Jul 2017
3)    Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
a)    Selling Broker to deduct<7/53>, of Selling Price against the Selling Client
b)    Buying Broker to deduct <10%>, of Purchase Price against the Buying Client
c)    Between Broker and Broker, the deduction of <7/53>, of the Transacted Price is applicable.

Remarks: The Rights Units shall be provisionally allotted to the unitholders whose names appear in the Record of Depositors of Hektar REIT as at 5.00 p.m. on 31 July 2017 ("Entitlement Date") ("Entitled Unitholders"), subject to the terms and conditions as set out in the prospectus, notice of provisional allotment and rights subscription form to be issued in relation to the Rights Issue (collectively, the "Documents"). The Documents are only despatched to the Entitled Unitholders who have provided the Unit Registrar of Hektar REIT with a registered address in Malaysia and whose names appear in the Record of Depositors as at 5.00 p.m. on the Entitlement Date. The Documents are not intended to be (and will not be) issued, circulated or distributed in any country or jurisdiction other than Malaysia and no action has been or will be taken to ensure that either the Rights Issue or the Documents comply with the laws related to public offerings of any country or jurisdiction where action for such purpose is required, other than the laws of Malaysia.