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 | 3,701,142 |
| Issue price per share | Malaysian Ringgit (MYR) 1.4838 |
| Par Value (if applicable) | Malaysian Ringgit (MYR) 0.000 |
Latest issued share capital after the above corporate proposal in the following |
|
| Units | 3,664,390,155 |
| Issued Share Capital | Malaysian Ringgit (MYR) 3,482,780,300.000 |
| Listing Date | 03 Mar 2025 |
| Remarks : |
The issuance of 3,701,142 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 2024. Based on the 5-day volume weighted average price of the units up to but excluding 12 February 2025 (being the date of announcement of Pavilion REIT's latest quarterly report) of RM1.483800 (adjusted for RM0.04810 cash distribution by Pavilion REIT for which the entitlement date is on 26 February 2025), the number of units to be issued to the Manager is 3,701,142 units. |
Announcement Info
| Company Name | PAVILION REAL ESTATE INVESTMENT TRUST |
| Stock Name | PAVREIT |
| Date Announced | 28 Feb 2025 |
| Category | Additional Listing Announcement /Subdivision of Shares |
| Reference Number | ALA-21022025-00004 |
