IGB Commercial Real Estate Investment Trust Subdivides Shares, Issues New Units

Strategic Insights -

The IGB Commercial Real Estate Investment Trust has announced that it will issue new units to The Manager, a company responsible for managing the trust, as part of the trust's corporate proposal. The Manager will receive RM4,410,948 as a fee for the second quarter of 2025, with 50% of the fee paid in cash and the remaining 50% in the form of new units. This will result in The Manager holding 106,511,790 units or 4.413% of the trust's issued share capital immediately after the issue.

Key Takeaways:

  • The IGB Commercial Real Estate Investment Trust will issue 3,669,673 new units to The Manager as a form of payment for the second quarter of 2025 management fee.
  • The Manager will receive a total fee of RM4,410,948, with 50% of the fee paid in cash and the remaining 50% in the form of new units.
  • The Manager will hold a total of 106,511,790 units or 4.413% of the trust's issued share capital immediately after the issue.
  • The trust's latest issued share capital is 2,413,811,790 units.
  • The issue price per share is RM0.6010, and the par value is RM0.000.
  • The listing date for the trust is 05 Aug 2025.

Statistics:

  • 3,669,673 new units will be issued to The Manager.
  • RM4,410,948 will be paid to The Manager as a management fee.
  • The Manager will hold 106,511,790 units, representing 4.413% of the trust's issued share capital.
  • The trust's issued share capital will be 2,413,811,790 units after the issue of new units.
  • The issue price per share is RM0.6010.
  • The par value is RM0.000.

Sources:

  • IGB Commercial Real Estate Investment Trust, "Additional Listing Announcement /Subdivision of Shares", Bursa Malaysia Stock Exchange, website.