News Detail

Date/Time
01 Aug 2018 07:42:00
Headline
Determination of the Extraordinary Trust Unitholders' Meetings No. 1/2018 and determination of the Record Date for the attendance of Extraordinary Trust Unitholders' Meetings No. 1/2018 (Revised No.2)
Symbol
SHREIT
Source
SHREIT
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                Schedule of investment unitholders' meeting/trust unitholders' meeting

Subject                                  : Schedule of trust unitholders' 
meeting
Date announced                           : 09-Jul-2018
Meeting date of unitholders              : 14-Aug-2018
Beginning time of meeting (h:mm)         : 10 : 00
Record date for the right to attend the  : 23-Jul-2018
meeting
Ex-meeting date                          : 20-Jul-2018
Significant agenda item                  :
  - Connected Transaction
  - Capital Increase
  - Acquisition or Disposition of Assets
Venue of the meeting                     : Bon Vivant Room, the Tawana Bangkok 
No. 80 Surawong Road, Si Phraya Subdistrict, Bang Rak District, Bangkok
______________________________________________________________________

Capital increase

Subject                                  : Capital increase
Date announced                           : 09-Jul-2018
Allocated to                             : - Unitholders
Allocated to                             : - Public offering
Allocated to                             : - Public offering who are existing 
unitholders
Remark                                   :
The capital increase of SHREIT by issuing the trust units at the amount not 
exceeding 415,000,000 units whereby such capital increase will not dilute cash
distribution per unit comparing with no additional investment case, and the
borrowing of approximately USD 62.5 million, in either Thai baht and/or other
currencies, from one or more local and/or offshore commercial bank(s), and may
also include other financial institutions, and the provision of security
relevant to the borrowing, for the purpose of investing in Additional Investment
Assets. The borrowing amount may be adjusted but shall not exceed the ratio as
specified under the Notification of Capital Market Supervisory Board No. TorJor.
49/2555 re. Issuance and Offer for Sale Regarding Units of Real Estate
Investment Trust (as amended) and in accordance with the creditor's loan
conditions under the REIT's loan agreement.
The method of offering for sale and method of allocation of additional trust 
units issued and offered for sale, and listing of the additional trust units as
listed securities in the Stock Exchange of Thailand, with the details of the
offering for sale of newly issued trust units, as follows:
Portion 1 Not less than 50 percent of the total additional trust units being 
issued and offered during this capital increase will be offered for sale to
existing unitholders whose names appear in the register book of unitholders
(Rights Offering) or offered for sale to the public who are the existing
unitholders whose names appear in the register book of unitholders (Preferential
Offering). Existing unitholders may express their intention to subscribe,
oversubscribe, or undersubscribe for the additional trust units to which they
are entitled. Unitholders may also choose to not subscribe for any of those
additional trust units.
Portion 2 The remaining trust units from the offering for sale under Portion 1 
shall be allocated to the general public (Public Offering) as is deemed
appropriate according to the Notification of Capital Market Supervisory Board
No. TorThor. 27/2559 re. criterial, condition and methods of underwriting the
securities and other relevant notifications.
Remark;
(1)    The record date to determine the unitholders who are entitled to subscribe 
for additional trust units will be later determined after the unitholders
approve the capital increase of the REIT and the Office of the Securities and
Exchange Commission (the "Office of the SEC") approves the Registration
Statement and draft Prospectus. The Company will notify the unitholders of the
record date to determine the unitholders who are entitled to subscribe for
additional trust units (Record Date) and the unit subscription date later.
(2)    Current unitholders may express an intention to subscribe, oversubscribe, or
undersubscribe for the additional trust units to which they are entitled, or
may not subscribe for any of those additional trust units. After the allocation
of trust units under this Portion 1 to existing unitholders according to their
rights, the Company will allocate the remaining additional trust units to
existing unitholders who oversubscribe, together or after the allocation of
trust units under Portion 2, as it deems appropriate.
(3)    The price for the additional trust units is determined by reference to the 
appraised value of the assets by the independent appraisers approved by the
Office of the SEC, as well as other relevant factors including: (1) the capital
market at the time of the offering for sale of the trust units; (2) the
reasonable rate of return which the investors will receive; (3) commercial
potential of the assets; (4) domestic and foreign interest rates; (5) rate of
return from investments in equity instruments, fixed income instruments, as well
as other alternative investments options; and (6) the book building surveys of
institutional investors.
 (4)    The Company may allocate up to 50 percent of total additional trust units 
issued and offered to any one person, or the group of persons. The definition
for "the group of persons" shall be as prescribed in Notification Tor.Jor.
49/2555 re: Issuing and Offering for Sale of the REIT units (as amended). The
criteria for the allocation of the additional trust units to each type of
investors shall be in accordance with the Registration Statement and the
Prospectus.
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