News Detail

Date/Time
18 Mar 2020 08:51:00
Headline
Notification of No Dividend Payment and Convening the 2020 Annual General Meeting of Unitholders of Strategic Hospitality Extendable Freehold and Leasehold Real Estate Investment Trust (Revised)
Symbol
SHREIT
Source
SHREIT
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                Schedule of investment unitholders' meeting/trust unitholders' meeting

Subject                                  : Schedule of trust unitholders' 
meeting
Meeting Type                             : Annual General Meeting
Date announced                           : 17-Mar-2020
Meeting date of unitholders              : 27-Apr-2020
Beginning time of meeting (h:mm)         : 10 : 00
Record date for the right to attend the  : 01-Apr-2020
meeting
Ex-meeting date                          : 31-Mar-2020
Significant agenda item                  :
  - Agenda item 1:    To consider and acknowledge the previous Minutes for the 2019
 Annual General Meeting of SHREIT dated 29 April 2019;
Agenda item 2:    To consider and acknowledge the performance report of SHREIT for 
2019;
Agenda item 3:    To consider and acknowledge the Statement of Financial Position 
and Profit and Loss Statement of SHREIT for the accounting period ended 31
December 2019;
Agenda item 4:     To consider and acknowledge no distribution payment for the 
operating result of
                          1 October 2019 to 31 December 2019;
Agenda item 5:    To consider and acknowledge the appointment of auditors and fix 
its audit fee of SHREIT for 2019;
Agenda item 6:        To consider and approve the consideration of offer from LT 
Rubicon Limited with respect to the purchase of 100% of shares in Strategic
Hospitality Holding Limited (SHH) and Strategic Hospitality Holding Limited 2
(SHH2);


The following details and information will be presented to the Trust Unitholders
 of SHREIT for consideration:
(1)    Details of offer to purchase 100% of shares in Strategic Hospitality Holding
 Limited and Strategic Hospitality Holding Limited 2 from LT Rubicon Limited.
(2)    The reasonableness of the offered purchase price from LT Rubicon Limited and
 the opinion from REIT Manager and Trustee.
(3)    The comparison of the offered purchase price from other bidders based on the
 same terms and conditions (if any).
(4)    Timeline for the sale of shares in Strategic Hospitality Holding Limited and
Strategic Hospitality Holding Limited 2 as well as the relevant procedures and
the associated costs and expenses which will be incurred.
(5)    The impacts and effects to the Trust Unitholders of SHREIT as a consequences
of sale of shares in Strategic Hospitality Holding Limited and Strategic
Hospitality Holding Limited 2 and legal consequences with respect to the
management of SHREIT after the sale process.
6.1    To consider and approve the consideration of the offer from LT Rubicon 
Limited regarding the purchase of 100% of shares in Strategic Hospitality
Holding Limited and Strategic Hospitality Holding Limited 2 according to the
terms and conditions proposed by LT Rubicon Limited, so that the REIT Manager
can further proceed with other relevant actions.
6.2    In case the Trust Unitholders of SHREIT approve the consideration of the 
offer from LT Rubicon Limited regarding the purchase of 100% of shares in
Strategic Hospitality Holding Limited and Strategic Hospitality Holding Limited
2, the Trust Unitholders of SHREIT shall also consider the following matters:
a)    Consider and approve the appointment of the relevant advisors to proceed and 
prepare for the sale of 100% of shares in Strategic Hospitality Holding Limited
and Strategic Hospitality Holding Limited 2, including but not limited to the
independent financial advisor, financial advisor, appraiser and legal advisor
and
b)    Consider and approve the associated costs and expenses which shall be 
incurred by SHREIT relating to the process for the sale of 100% of shares in
Strategic Hospitality Holding Limited and Strategic Hospitality Holding Limited
2.
Venue of the meeting                     : at Crystal Ballroom Room, 2nd Floor, 
Holiday Inn Bangkok Silom, 981 Silom Road, Khwaeng Silom, Khet Bangrak, Bangkok
10500.
______________________________________________________________________

Dividend payment / Omitted dividend payment

Subject                                  : Omitted dividend payment
Date of Board resolution                 : 02-Mar-2020
Payment for                              : Unit-holders
Omitted dividend payment from            :
    Operating period from 01-Oct-2019 to 31-Dec-2019
______________________________________________________________________
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