Announcement
New issue of securities (Chapter 6 of Listing Requirements) : Other issue of Securities
10 November 2022
| Type | Announcement |
| Subject |
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) OTHER ISSUE OF SECURITIES |
| Description |
HEKTAR REAL ESTATE INVESTMENT TRUST ("HEKTAR REIT") PROPOSED ESTABLISHMENT OF AN INCOME DISTRIBUTION REINVESTMENT PLAN WHICH WILL PROVIDE UNITHOLDERS OF HEKTAR REIT WITH AN OPTION TO ELECT TO REINVEST THEIR INCOME DISTRIBUTION IN NEW UNITS OF HEKTAR REIT ("PROPOSED IDRP") |
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On behalf of the Board of Directors of Hektar Asset Management Sdn Bhd ("Board"), being the management company of Hektar REIT ("Manager"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that the Manager proposes for Hektar REIT to establish an income distribution reinvestment plan that provides unitholders of Hektar REIT with an option to elect to reinvest, in whole or in part, their cash distribution declared by Hektar REIT (whether interim, final, special or any other types of cash distribution) in new units of Hektar REIT. Further details of the Proposed IDRP are set out in the attachment enclosed. This announcement is dated 10 November 2022. |
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