Brief: Capitaland Mall Trust Announces Proposed Merger Of CMT & Capitaland Commercial Trust

CapitaLand Integrated Commercial Trust

22/01/2020 01:18

Jan 22 (Reuters) - Capitaland Mall Trust  CMLT.SI :
    * ANNOUNCE PROPOSED MERGER OF CMT AND CAPITALAND COMMERCIAL
TRUST
    * MERGER IS TO BE EFFECTED THROUGH ACQUISITION BY CMT OF ALL
ISSUED AND PAID-UP UNITS IN CCT
    * AGGREGATE SCHEME CONSIDERATION COMPRISES S$999.1 MILLION
IN CASH
& 2,777.5 MILLION NEW CMT UNITS ISSUED AT PRICE OF S$2.59 PER
CMT UNIT
    * MERGER EXPECTED TO BE DISTRIBUTION PER UNIT ACCRETIVE TO
CMT
UNITHOLDERS
    * CONSIDERATION FOR EACH CCT UNIT COMPRISES 0.720 NEW UNITS
IN CMT
AND $0.2590 IN CASH
    * MERGER PROVIDES A DPU ACCRETION OF 1.6%
    * MERGER EXPECTED TO BE DISTRIBUTION PER UNIT ACCRETIVE TO
UNITHOLDERS OF CCT AS WELL

Source text for Eikon:  ID:nSNZcbZxrR 
Further company coverage:  CMLT.SI 

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