01 Aug 2018 07:42:00
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)
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. ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.