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Author: kimeng   |   Latest post: Wed, 21 Nov 2018, 09:14 AM

 

Viva Industrial Trust: Payment of Scheme Consideration Expected to be Tomorrow

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Note that the Scheme has become effective and binding in accordance with its terms yesterday. The expected date for the payment of the Scheme consideration for VIT shareholders, in the indicative timetable, is 17 Oct.

Recall that the consideration is 9.6 S cents in cash and 1.6 new ESR-REIT Units for every VIT unit.

The VIT Managers has announced that the cash amount to be paid to a Stapled Securityholder will be rounded to the nearest S$0.01 instead of being rounded down to the nearest S$0.01 as stated in the Scheme Document.

Save for the above, all other information in the 7 August Scheme Document relating to payment of the Scheme Consideration remains unchanged.

Source: OCBC Research - 16 Oct 2018

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Labels: Viva Ind Tr

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