News| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) OTHER ISSUE OF SECURITIES |
| Description |
CAPITALAND MALAYSIA MALL TRUST ("CMMT") DISTRIBUTION REINVESTMENT PLAN WHICH WILL PROVIDE UNITHOLDERS OF CMMT WITH AN OPTION TO ELECT TO REINVEST THEIR CASH DISTRIBUTION IN NEW UNITS OF CMMT ("DRP") |
We refer to the announcements dated 22 January 2021, 25 January 2021 and 27 January 2021 in relation to the DRP (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
On 22 January 2021, CMMT announced its fourth quarter results for the financial year ended 31 December 2020 and approved the Final Income Distribution.
It has also been determined that the DRP shall apply to the Final Income Distribution, which allows Unitholders to reinvest their Final Income Distribution in new CMMT Units, where the gross electable portion will be the entire 1.99 sen per CMMT Unit (of which 1.76 sen per CMMT Unit is taxable and 0.23 sen per CMMT Unit is tax exempt in the hands of CMMT Unitholders) of the Final Income Distribution (“Electable Portion”).
The DRP provides the Unitholders the option to reinvest the entire Electable Portion or part of the Electable Portion in new CMMT Units.
If the Unitholder elects not to participate in the DRP, then the Electable Portion will be paid wholly in cash.
The Manager wishes to announce that the issue price of the new CMMT Units to be issued pursuant to the DRP applicable to the Final Income Distribution has been fixed today (“Price Fixing Date”) at RM0.5398 per new CMMT Unit (“Issue Price”), based on the 5-Market Day volume weighted average market price (“VWAMP”) of CMMT Units up to and including 29 January 2021 of RM0.6066, being the last trading day immediately prior to the Price Fixing Date. The Issue Price was fixed after:
The entitlement date for the Final Income Distribution and the DRP have been fixed on 17 February 2021.
Barring any unforeseen circumstances, the new CMMT Units arising from the exercise of the DRP will be listed on the Main Market of Bursa Malaysia Securities Berhad on 24 March 2021.
This announcement is dated 2 February 2021.
| Company Name | CAPITALAND MALAYSIA MALL TRUST |
| Stock Name | CMMT |
| Date Announced | 02 Feb 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-02022021-00023 |
