AllCo – SGX
(1) APPROVAL IN-PRINCIPLE FOR THE LISTING OF NEW UNITS;
(2) A NON-RENOUNCEABLE PREFERENTIAL OFFERING OF UP TO 175,182,925 NEW UNITS; AND
(3) BOOKS CLOSURE DATE.
Some Extracts
The issue price of each New Unit pursuant to the Preferential Offering (“Issue Price”) will not be at more than a 10.0% discount to the weighted average price for trades done on the SGX-ST for the full market day on which the underwriting agreement is signed. If trading is not available for the full market day, the weighted average price will be based on the trades done on the preceding market day up to the time the underwriting agreement is signed
The Preferential Offering will comprise a non-renounceable preferential offering of up to 175,182,925 New Units on the basis of one New Unit for every four existing units (“Existing Units”) in Allco REIT held by Eligible Unitholders (as defined below) as at the Books Closure Date (as defined below), fractions of a Unit to be disregarded (“Preferential Offering”).
The last day and time of trading of the Existing Units on a “cum” basis will be 28 November 2007, 5:00 p.m.
The Manager expects that the New Units will be issued and traded on or about 28 December 2007.
Source : SGX