Mapletree Logistics Trust : Issue Price Of New Units To Be Issued Pursuant To The Distribution Reinvestment Plan For The 4Q FY23/24 Distribution
May 08, 2024 at 09:17 am EDT
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(Constituted in the Republic of Singapore pursuant to a Trust Deed dated 5 July 2004 (as amended))
ANNOUNCEMENT
ISSUE PRICE OF NEW UNITS TO BE ISSUED PURSUANT TO THE DISTRIBUTION REINVESTMENT PLAN FOR THE 4Q FY23/24 DISTRIBUTION
Further to the announcement dated 29 April 2024 by Mapletree Logistics Trust Management Ltd., as manager of Mapletree Logistics Trust ("MLT") (the "Manager") in relation to the application of the distribution reinvestment plan ("DRP") to MLT's distribution for the period from 1 January 2024 to 31 March 2024 (the "4Q FY23/24 Distribution"), the Manager wishes to announce that the issue price of the new units in MLT ("Units") to be issued under the DRP is S$1.322 per Unit.
The issue price represents approximately 3.00% discount to the volume-weighted average traded price1 per Unit ("VWAP") or 1.65% discount to the adjusted VWAP2 for all trades on Singapore Exchange Securities Trading Limited (the "SGX-ST") during the period of 10 Market Days3 prior to and ending on the Record Date of 8 May 2024.
The Notice of Election is expected to be despatched to all Eligible Unitholders4 on 15 May 2024 for which an announcement will be issued accordingly.
By Order of the Board
Wan Kwong Weng
Joint Company Secretary
Mapletree Logistics Trust Management Ltd.
(Company Registration No. 200500947N)
As Manager of Mapletree Logistics Trust
8 May 2024
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The VWAP is computed based on the volume-weighted average traded price per Unit for all trades on the SGX-ST during the period of 10 Market Days prior to and ending on the Record Date.
The adjusted VWAP is computed based on the volume-weighted average traded price per Unit for all trades on the SGX-ST for each of the Market Days during the period of 10 Market Days prior to and ending on the Record Date and subtracting the 4Q FY23/24 Distribution of 2.211 Singapore cents per Unit for each of the market days prior to the first day of "ex-distribution" trading.
"Market Day" means a day on which the SGX-ST is open for trading in securities.
"Eligible Unitholders" means persons registered as unitholders of MLT in the Depository Register as at 5.00 p.m. on the Record Date of 8 May 2024 and with registered mailing address in Singapore.
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Important Notice
This Announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for units in MLT ("Units"). The value of Units and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager, or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested.
Investors have no right to request the Manager to redeem their Units while the Units are listed. It is intended that Unitholders of MLT may only deal in their Units through trading on the Singapore Exchange Securities Trading Limited ("SGX-ST"). Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.
The past performance of MLT is not necessarily indicative of the future performance of MLT.
The information in this Announcement must not be published outside the Republic of Singapore and in particular, but without limitation, must not be published in any United States edition of any publication.
Mapletree Logistics Trust published this content on
08 May 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
08 May 2024 13:16:01 UTC.
Mapletree Logistics Trust is a Singapore-based real estate investment trust. The Company invests in a diversified portfolio of quality, well-located, income producing logistics real estate in Singapore, Australia, China, Hong Kong SAR, India, Japan, Malaysia, South Korea and Vietnam. Its properties are strategically located near to expressways and established logistics clusters in nine geographic markets across Asia Pacific. Its portfolio stands at 187 properties, comprising 49 properties in Singapore, 14 in Australia, 43 in China, nine in Hong Kong SAR, three in India, 24 in Japan, 14 in Malaysia, 21 in South Korea and 10 in Vietnam. Its properties include 114 Kurrajong Road & 9 Coventry Place, Mount Druitt, NSW; 15 Botero Place, Truganina; 213 Robinsons Road, Ravenhall, VIC; Acacia Ridge Distribution Centre; Chengdu DC Logistics Park; Mapletree (Cixi) Logistics Park; Mapletree (Chakan) Logistics Park 1; Mapletree (Farukhnagar) Logistics Park, and others.