TWRREIT

Rights Issue

TOWER REAL ESTATE INVESTMENT TRUST

Entitlement subject Rights Issue
Type Renounceable
Entitlement description
Renounceable rights issue of 210,375,000 new units in Tower Real Estate Investment Trust ("Tower REIT") ("Rights Unit(s)") on the basis of 3 Rights Units for every 4 existing units in Tower REIT held as at 5.00 p.m. on Tuesday, 30 April 2024 at an issue price of RM0.31 per Rights Unit ("Rights Issue")
Ex-Date 29 Apr 2024
Entitlement date 30 Apr 2024
Entitlement time 5:00 PM
Share transfer book & register of members will be  to  closed from (both dates inclusive) for the purpose of determining the entitlement
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 30 Apr 2024
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units)
(If applicable)
210,375,000
Rights Issue/Offer Price Malaysian Ringgit (MYR) 0.3100
Par Value (if applicable)
Entitlement indicator Ratio
Entitlement Details
Company Name
TOWER REAL ESTATE INVESTMENT TRUST
Entitlement Ordinary Rights
Ratio (New:Existing) 3.0000  : 4.0000
Rights Crediting Date 30 Apr 2024
Fractional Entitlement Round Down / Fraction Disregard
Registrar or Service Provider name, address, telephone no HONG LEONG SHARE REGISTRATION SERVICES SDN BHD
Level 25, Menara Hong Leong
No. 6, Jalan Damanlela

Bukit Damansara

50490 Kuala Lumpur

Wilayah Persekutuan

Malaysia

Tel:03-20888818
Fax:03-20888990


Remarks :
The Rights Units shall be provisionally allotted to the unitholders whose names appear in the Record of Depositors of Tower REIT as at 5.00 p.m. on 30 April 2024 ("Entitlement Date") ("Entitled Unitholders"), subject to the terms and conditions as set out in the abridged prospectus, notice of provisional allotment and rights subscription form to be issued in relation to the Rights Issue (collectively referred to as the "Documents").

The Documents shall be despatched to Entitled Unitholders whose names appear in the Record of Depositors as at 5.00 p.m. on the Entitlement Date.

The Documents will only be despatched to foreign-addressed unitholders who have provided the Registrar with a registered address in Malaysia by the Entitlement Date.

The Documents are not intended to be (and will not be) issued, circulated or distributed in any country or jurisdiction other than Malaysia and no action has been or will be taken to ensure that either the Rights Issue or the Documents comply with the laws related to public offerings of any country or jurisdiction where action for such purpose is required, other than the laws of Malaysia.

This Announcement is dated 15 April 2024.


Announcement Info

Company Name TOWER REAL ESTATE INVESTMENT TRUST
Stock Name TWRREIT
Date Announced 15 Apr 2024
Category Entitlement(Notice of Book Closure)
Reference Number ENT-08042024-00004
Corporate Action ID MY240408RHDI0001


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