Brief: Esr-REIT Proposes Merger Of Esr-REIT And Sabana REIT

Alpha Integrated Real Estate Investment Trust

16/07/2020 03:01

July 16 (Reuters) - ESR-REIT  ESRR.SI :
    * ESR-REIT - PROPOSED MERGER OF ESR-REIT AND SABANA REIT BY
WAY OF
A TRUST SCHEME OF ARRANGEMENT
    * ESR-REIT-  TRANSACTION IS DPU-ACCRETIVE FOR BOTH ESR-REIT
UNITHOLDERS AND SABANA REIT UNITHOLDERS ON A PRO FORMA BASIS
    * ESR-REIT -  IMPLIED AGGREGATE SCHEME CONSIDERATION IS
ABOUT
S$396.9 MILLION
    * ESR-REIT- POST MERGER, ESR TO HOLD ABOUT 12.2% OF TOTAL
ISSUED
UNITS IN ENLARGED REIT
    * ESR-REIT- IF SCHEME BECOMES EFFECTIVE, EACH SABANA
UNITHOLDER
WILL RECEIVE 94 CONSIDERATION UNITS FOR EVERY 100 SABANA UNITS
HELD

Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ8mtMB3
Further company coverage:  ESRR.SI 

 ((Reuters.Briefs@thomsonreuters.com;))