Saturday, August 2nd, 2025

Launch of Preferential Offering and Advanced Distribution Announcement for ESR-LOGOS REIT

Key Facts and Investor Actions:

  1. Preferential Offering:

    • ESR-LOGOS REIT (E-LOG) has launched a non-renounceable preferential offering of up to 308,196,721 new units.
    • Investors are entitled to 4 Preferential Offering Units for every 100 existing units they hold.
    • Issue Price: S$0.305 per unit, which is at a premium to the recent trading prices.
    • The offering aims to raise gross proceeds of up to approximately S$94.0 million, primarily to fund new acquisitions in Singapore and Japan.
  2. Important Dates for Investor Actions:

    • Preferential Offering Record Date: 5.00 p.m. on 18 October 2024.
    • Commencement of Preferential Offering: 23 October 2024 at 9.00 a.m.
    • Closing Date for Accepting Preferential Offering Units: 1 November 2024 at 5.30 p.m. (or 9.30 p.m. for electronic applications).
    • Expected Date for Crediting of Units: 11 November 2024.
  3. Advanced Distribution:

    • Investors will receive an advanced distribution for the period from 1 July 2024 to the day before the issuance of Preferential Offering Units.
    • Estimated Distribution: Between 0.686 to 0.758 Singapore cents per unit.
    • Record Date: 8 November 2024.
    • Payment Date: 8 January 2025.
  4. Taxation:

    • Part of the distribution will be tax-exempt, while certain portions may have tax deducted depending on investor status. Investors need to submit relevant tax forms if applicable.

Special Notes for Investors:

  • Investors should take note that the units issued through the Preferential Offering will not be eligible for the advanced distribution.
  • Investors must complete their applications for the Preferential Offering and any Excess Preferential Offering Units within the specified time frame to avoid losing their entitlement.

Price Information:

  • Issue Price: S$0.305 per Preferential Offering Unit.
  • Investors should carefully consider their allocation and whether to apply for Excess Units if they wish to maximize their investment opportunities.

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