General Announcement::PROPOSED SCHEME OF ARRANGEMENT INVOLVING SINGAPORE PRESS HOLDINGS LIMITED (DEALING DISCLOSURE)
August 30, 2021 at 05:33 am EDT
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PROPOSED ACQUISITION OF SINGAPORE PRESS HOLDINGS BY WAY OF A
SCHEME OF ARRANGEMENT
DEALINGS DISCLOSURE
1. INTRODUCTION
J. P. Morgan (S.E.A.) Limited ("JPMSEAL") refers to the proposed scheme of arrangement (the "Scheme") to be undertaken by Singapore Press Holdings Limited (the "Company") and Keppel Pegasus Pte. Ltd. (the "Offeror") (which is a wholly-owned subsidiary of Keppel Corporation Limited ("KCL")) pursuant to Section 210 of the Companies Act, Chapter 50 of Singapore, involving, inter alia, (i) the distribution of units in SPH REIT held by the Company to the shareholders of the Company on a pro-rata basis and (ii) the Offeror acquiring the entire share capital of the Company (other than those already owned, controlled or agreed to be acquired by the Offeror and its concert parties), the consideration for which include units in Keppel REIT, which was announced on 2 August 2021 (the "Joint Announcement").
As stated in the Joint Announcement, JPMSEAL is the financial adviser to the Offeror in respect of the Scheme.
All capitalised terms used and not defined herein shall have the same meanings given to them in the Joint Announcement.
2. DISCLOSURE OF DEALINGS
Pursuant to Rule 12.1 of the Singapore Code on Take-overs and Mergers (the "Code") and the Practice Statement on the Exemption of Connected Fund Managers and Principal Traders under the Code, JPMSEAL wishes to announce the dealings by its associates in the relevant securities of Keppel REIT on 27 August 2021, details of which are set out in the Schedule hereto.
Issued by
J.P. Morgan (S.E.A.) Limited
30 August 2021
Singapore
1
Schedule
Dealing in
Units
Resultant
Total
Total of
% of Resultant
Highest and Lowest
Amount
Equivalent
Date of
Name of Relevant Entity and (if different) name of the
Description
Number
Price
Total of
Nature of Transaction
Prices Paid or
(Paid)/
units owned
Dealing
ultimate beneficial owner or controller
of Security
of Units
(SGD)
Equivalent
Received (SGD)
(Received)
or controlled
units
(SGD)
by
the associate
Buy/Sell
Product Type
Nature of Dealing
Highest
Lowest
27-Aug-21
J.P. MORGAN SECURITIES PLC (dealing as principal)
KEPPEL REIT
Buy
REIT
Swap Hedge
3,000
1.08
1.09
1.08
3,241.29
17,038,907
0.46%
27-Aug-21
J.P. MORGAN SECURITIES PLC (dealing as principal)
KEPPEL REIT
Buy
REIT
Swap Hedge
519,700
1.08
1.08
1.08
561,500.51
17,558,607
0.48%
27-Aug-21
J.P. MORGAN SECURITIES PLC (dealing as principal)
KEPPEL REIT
Buy
REIT
Swap Hedge
3,000
1.09
1.09
1.08
3,271.30
17,561,607
0.48%
Dealings in
Derivatives in
respect of Units
Total
Name of Relevant Entity and (if different) name of the
Description of
Number of Units
Maturity
Closing Out
Reference
Amount
Date of Dealing
Nature of Transaction
to which the
(Date)/
Date (if
(Paid)/
ultimate beneficial owner or controller
Security
Price (SGD)
Derivatives relate
(Period)
applicable)
(Received)
(SGD)
Buy/Sell
Product Type
Nature of Dealing
27-Aug-21
J.P. MORGAN SECURITIES PLC (dealing as principal)
KEPPEL REIT
Sell
REIT
Swap
(6,000)
26-Aug-22
-
1.09
6,514.20
27-Aug-21
J.P. MORGAN SECURITIES PLC (dealing as principal)
KEPPEL REIT
Sell
REIT
Swap
(519,700)
29-Apr-22
-
1.08
561,556.64
2
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Disclaimer
Keppel REIT published this content on 30 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 August 2021 09:31:10 UTC.
Keppel REIT (the Trust) is a Singapore-based real estate investment trust. The Trust invests in a portfolio of real estate and real estate-related assets that are used for commercial purposes in Singapore and Asia. Its objective is to deliver stable income and long-term total return for its unitholders by owning and investing in a portfolio of income-producing commercial real estate and real estate-related assets in Asia Pacific. The Trust's portfolio comprises interests in approximately 12 commercial assets located in the business districts of Singapore; Australian cities of Sydney, Melbourne and Perth; Seoul, South Korea, and Tokyo, Japan. Its properties include Ocean Financial Centre; Marina Bay Financial Centre; One Raffles Quay; Pinnacle Office Park, Sydney; 8 Chifley Square, Sydney; T Tower, Seoul; KR Ginza II, Tokyo, and 8 Exhibition Street, Melbourne. The Trust is managed by Keppel REIT Management Limited, a subsidiary of Keppel Capital Holdings Pte. Ltd. (Keppel Capital).
KEPPEL REIT 
