09 Nov 2018 17:38:00
Book Closing Date for Determining the Right of Existing Trust Unitholders to Subscribe for Additional Unit Trusts for the First Capital Increase of Strategic Hospitality Extendable Freehold and Leasehold Real Estate Investment Trust
Capital increase Subject : Capital increase Date announced : 09-Nov-2018 Allocated to : - Unitholders Book-closing date for the right to : 23-Nov-2018 subscribe additional investment units Ex-rights date (XR) : 21-Nov-2018 Remark : Reference is made to the resolution of Extraordinary General Meeting of Trust Unitholders' Meeting No. 1/2018 of Strategic Hospitality Extendable Freehold and Leasehold Real Estate Investment Trust ("SHREIT"), held on Tuesday, August 14th, 2018 to approve the capital increase of SHREIT by issuing and offering additional unit trusts of not more than 415,000,000 units in order to make additional investments in the additional investment assets, and the methods for determining the price of those trust units and approve the methods for offering of the additional trust units and allocating the additional trust units, and registering the additional trust units as listed securities with the Stock Exchange of Thailand. The methods for offering the additional trust units are as follows: First Portion: Not less than 50 percent of the additional trust units issued and sold will be offered to current unitholders whose names appear in the unitholder register (Rights Offering) or to a specific group of persons, whose names appear in the unitholder register (Preferential Public Offering). Current unitholders may express an intention to subscribe for the additional trust units to which they are entitled or oversubscribe or undersubscribe for the same, or to not subscribe for any additional trust units. After the first allocation of portion 1 of the additional trust units to the current unitholders in accordance with the number of additional trust units to which each of them is entitled, if there are any unsubscribed additional trust units from the first allocation of portion 1 to the current unitholders in accordance with the number of trust units to which each of them is entitled, Strategic Property Investors Company Limited ("REIT Manager") in its capacity of the REIT Manager of SHREIT will allocate the remaining additional trust units to the unitholders who have expressed an intention to subscribe for the same as the REIT Manager sees fit which shall be in accordance with the details and procedures regarding the allocation of trust units to the unitholders to be further informed accordingly. If the number of additional trust units to which a current unitholder is entitled is not a whole number, the decimal shall be rounded down to the nearest whole number. Second Portion: The remaining additional trust units from the allocation of the First Portion to the current unitholders shall be offered to the general public (Public Offering) as the REIT Manager deems appropriate and pursuant to the Notification of the Securities and Exchange Commission No. Tor. Thor. 27/2559 Re: Guidelines, Conditions, and Methods for the Offer and Sale of Securities, and Other Relevant Notifications. The details of the trust units appearing in the filing for the offering of trust units and/or the prospectus for the offering of trust units are to be considered as the number of trust units to be allotted for sale to investor in each portion. In this regard, the REIT Manager has considered to allocate the Preferential Public Offering portion to the existing unitholders, whose names appear in the unitholder register, that are not U.S. Person in order for the offering additional unit trusts to not have additional duties to comply with laws and regulations of Thailand related to the issuance and offering of securities and not be considered as a breach of foreign laws and regulations. REIT Manager has determined the date for the closing of the share register to be on Friday, November 23rd, 2018 (Book Closing) in order to determine the trust unitholders who are eligible for the subscription of the additional trust units for the first capital increase. REIT Manager will notify the right ratio and the offering price range in due course. The registration statement for offering the trust units and draft prospectus for the first capital increase are under consideration and have not been approved by the Office of the Securities and Exchange Commission ("SEC Office"). The offering of additional trust units for the first capital increase will be taken place upon the SEC Office's approval and registration statement for offering the trust units and prospectus becoming effective. ______________________________________________________________________ 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.