BURSA ANNOUNCEMENTS

Date : 14 February 2024

Additional Listing Announcement /Subdivision of Shares

PAVILION REAL ESTATE INVESTMENT TRUST

1. Details of Corporate Proposal

Involve issuance of new type/class of securities ? No
Types of corporate proposal Others
Details of corporate proposal Please refer to Remarks
No. of shares issued under this corporate proposal 4,510,211
Issue price per share ($$) Malaysian Ringgit (MYR)   1.2035
Par Value($$) (if applicable) Malaysian Ringgit (MYR)   0.000
Latest issued share capital after the above corporate proposal in the following
Units 3,656,848,312
Issued Share Capital ($$) Malaysian Ringgit (MYR) 3,472,011,422.000
Listing Date 15 Feb 2024


Remarks :
The issuance of 4,510,211 units is pursuant to the part payment of management fees in units to Pavilion REIT Management Sdn Bhd, the Manager of Pavilion Real Estate Investment Trust, for the 2nd half of the financial year ended 31 December 2023.

Based on the 5-day volume weighted average price of the units up to but excluding 24 January 2024 (being the date of announcement of Pavilion REIT's latest quarterly report) of RM1.203500 (adjusted for RM0.04600 cash distribution by Pavilion REIT for which the entitlement date is on 9 February 2024), the number of units to be issued to the Manager is 4,510,211 units.


Announcement Info

Company Name PAVILION REAL ESTATE INVESTMENT TRUST
Stock Name PAVREIT
Date Announced 14 Feb 2024
Category Additional Listing Announcement /Subdivision of Shares
Reference Number ALA-31012024-00009


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