Wednesday, November 17, 2010

Important Dates for First REIT rights issue

Some of you have asked for what are the important dates for rights issue. Here it is

  • XR to register for rights issue : 3 Dec 2010
  • Commencement of “nil-paid” rights trading period: 8 Dec 2010
  • Close of “nil-paid” rights trading period: 16 Dec 2010
  • Close of rights issue: 22 Dec 2010
  • Expected date of issue of rights units: 30 Dec 2010
  • Completion of the MRCCC Acquisition and the SHLC acquisition: 31 Dec 2010
  • Commencement of trading of rights units: 31 Dec 2010

Full coverage can be found here


Unknown said...


I love your blog, stumbled upon it goggling for first REIT info. Great content! Had a few questions on the rights issue timing, hope you can help.

Does this mean if I buy the REIT now I'll get the rights entitlement only after dec 3rd?

When would I need to pay for the rights to convert to shares? After dec 17? Can I apply for access rights through the ATM too?


Unknown said...


The price recently dropped to around 0.7+, is this a reflection of the rights shares in the market?

so how about the date of 31/12/2010. will the share price drop furthur?

sorry if my question sounds stupid