Employees Provident Fund Board Acquires and Disposes of Substantial Stake in IGB Real Estate Investment Trust

Strategic Insights -

The Employees Provident Fund Board ("EPF Board") has made significant changes to its holdings in IGB Real Estate Investment Trust. On October 11, 2024, Citigroup Nominees (Tempatan) Sdn Bhd, acting on behalf of the EPF Board, acquired 660,000 units in the trust, while also disposing of 353,400 units on the same day. This transaction resulted in the EPF Board's direct interest in the trust increasing to 383,539,115 units, representing a 10.617% stake.

Key Takeaways:

  • The EPF Board acquired 660,000 units in IGB Real Estate Investment Trust on October 11, 2024, through Citigroup Nominees (Tempatan) Sdn Bhd.
  • On the same day, the EPF Board disposed of 353,400 units in the trust through Citigroup Nominees (Tempatan) Sdn Bhd.
  • As a result of these transactions, the EPF Board's direct interest in the trust increased to 383,539,115 units, representing a 10.617% stake.
  • The nature of the EPF Board's interest in the trust is classified as direct, with 383,539,115 units held directly.
  • The total number of securities held by the EPF Board in IGB Real Estate Investment Trust after the change is 383,539,115 units.
  • The EPF Board's acquisition and disposal of these units were facilitated by Citigroup Nominees (Tempatan) Sdn Bhd.
  • The EPF Board's interest in the trust is subject to the provisions of the Companies Act 2016 (CA 2016).

Statistics:

  • Number of securities acquired: 660,000 units on October 11, 2024.
  • Number of securities disposed of: 353,400 units on October 11, 2024.
  • Total number of securities held by the EPF Board after change: 383,539,115 units.
  • Percentage of stake held by the EPF Board: 10.617%.
  • Date of notice: October 14, 2024.
  • Date notice received by Listed Issuer: October 16, 2024.

Sources:

  • Notice to Bursa Malaysia dated October 17, 2024, filed on October 18, 2024.
  • IGB Real Estate Investment Trust's announcements on changes in substantial shareholdings, filed with the Securities Commission Malaysia.