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M1GU - Sabana Shariah Compliant Industrial Real Estate Investment Trust News Story

S$0.415 0.0  0.0%

Last Trade - 2:50am

Sector
Financials
Size
Small Cap
Market Cap £238.4m
Enterprise Value £428.6m
Revenue £38.7m
Position in Universe 2025th / 6095

BRIEF-Esr-REIT Proposes Merger Of Esr-REIT And Sabana REIT

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;))
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