Issue Price of New Units

Saizen Real Estate Investment Trust
3 Anson Road
#34-01 Springleaf Tower
Singapore 079909
Tel: 65-6327-8163
Fax: 65-6327-8092
(A real estate investment trust constituted on 27 September 2007 under the laws of the Republic of Singapore (as amended))
ISSUE PRICE OF NEW UNITS PURSUANT TO THE DISTRIBUTION REINVESTMENT PLAN FOR
THE DISTRIBUTION PERIOD FROM 1 JANUARY 2015 TO 30 JUNE 2015
1.
INTRODUCTION
1.1.
The Board of Directors (the Board) of Japan Residential Assets Manager Limited, as the
manger (the Manager) of Saizen Real Estate Investment Trust (Saizen REIT) refers to
the previous announcement dated 22 July 2015 in relation to the introduction of the
Distribution Reinvestment Plan. Unless otherwise defined, all terms used in this
announcement shall have the same meaning ascribed to them therein.
1.2.
The Singapore Exchange Securities Trading Limited (the SGX-ST) assumes no

responsibility for the correctness of any of the statements made, opinions expressed or
reports contained in this announcement.
2.
ISSUE PRICE OF NEW UNITS
2.1.
Pursuant to the determination by the Manager that the Distribution Reinvestment Plan will
apply to the distribution of 2.93 cents per Unit in respect of the period from 1 January 2015
to 30 June 2015 (the 2H FY2015 Distribution), the issue price of the new Units to be
issued under the Distribution Reinvestment Plan in respect of the 2H FY2015 Distribution is
S$0.8115 per Unit (the Issue Price).
2.2.
The Issue Price represents a 3% discount to the volume weighted average price for a Unit
for all trades on the SGX-ST in the ordinary course of trading during the Price Determination
1
Period . The number of Units to be issued to each Unitholder pursuant to the Distribution
Reinvestment Plan shall be rounded down to the nearest whole Unit, fractional entitlements
to be disregarded.
3.
NOTICES OF ELECTION
3.1.
The Notices of Election will be sent to Unitholders registered in the Register of Unitholders,
or as the case may be, the Depository Register as at 5.00 p.m. on the Books Closure Date
on or around 4 September 2015.
3.2.
Unitholders who wish to participate in the Distribution Reinvestment Plan will have to
complete the Notices of Election and send them to the following addresses such that they
are received by 5.00 p.m. on 15 September 2015:
(a)
by hand to Japan Residential Assets Manager Limited (as manager of Saizen Real
Estate Investment Trust) c/o The Central Depository (Pte) Limited at 9 North Buona
Vista Drive, #01-19/20 The Metropolis, Singapore 138588; or
Price Determination Period means the 10 Market Day period prior to and ending on 5.00 p.m. on 31 August 2015, where
Market Day means a day on which the SGX-ST is open for trading in securities.
(b)
3.3.
by post in the self-addressed envelope provided (at the senders own risk) to Japan
Residential Assets Manager Limited (as manager of Saizen Real Estate Investment
Trust) c/o The Central Depository (Pte) Limited to Robinson Road Post Office, P.O.
Box 1597, Singapore 903147,
Further details regarding the despatch of the Notices of Election will be announced in due
course.
Important Indicative Dates and Time

Date / Deadline
Event
4 September 2015
Despatch of Notices of Election
15 September 2015 at 5.00 p.m.
Completed Notices of Election in respect of

participation in the Distribution Reinvestment
Plan must be received by the Manager at the
addresses stated above
28 September 2015
Payment of cash distribution / Crediting of new

Units to Unitholders securities accounts and
listing of new Units on the SGX-ST
By Order of the Board

Chang Sean Pey (Mr.)
Executive Director and Co-Chief Executive Officer
Japan Residential Assets Manager Limited
(Company Registration No. 200712125H)
As Manager of Saizen Real Estate Investment Trust
31 August 2015
Important Notice
The value of Units and the income derived from them, if any, may fall or rise. Units are not obligations
of, deposits in, or guaranteed by, the Manager, or any of its affiliates. An investment in Units is subject
to investment risks, including the possible loss of the principal amount invested.
Investors should note that they have no right to request the Manager to redeem their Units while the
Units are listed. It is intended that Unitholders may only deal in their Units through trading on the
SGX-ST. The listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.
This publication is for information only and does not constitute an invitation or offer to acquire,
purchase or subscribe for the Units. The past performance of Saizen REIT is not necessarily
indicative of the future performance of Saizen REIT.

Issue Price of New Units

Uploaded by

Copyright:

Available Formats

Issue Price of New Units

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Issue Price of New Units

Uploaded by

Copyright:

Available Formats

Saizen Real Estate Investment Trust

The Singapore Exchange Securities Trading Limited (the SGX-ST) assumes no

ISSUE PRICE OF NEW UNITS

Important Indicative Dates and Time

Despatch of Notices of Election

15 September 2015 at 5.00 p.m.

Completed Notices of Election in respect of

Payment of cash distribution / Crediting of new

By Order of the Board

You might also like

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.