[PAVREIT] Others on 07-Mar-2012

Stock
[PAVREIT]: PAVILION REAL ESTATE INV TRUST
Announcement Date
07-Mar-2012
Listing Date
08-Mar-2012
New Type/Class?
No
Type
Others
Details
The issuance of 566,852 units is pursuant to the part payment of management fees in units to Pavilion REIT Management Sdn Bhd, the Manager of Pavilion Real Estate Investment Trust, for the first financial period ended 31 December 2011. The total management fee payable to the Manager for the first financial period ended 31 December 2011 amounted to RM1,237,891.74, whereby approximately RM618,945.87 will be satisfied via the issuance of new units to the Manager. Based on the 5-day volume weighted average price of the units up to but excluding 8 February 2012 (being the date of announcement of Pavilion REIT's latest quarterly report) of RM1.0919 (adjusted for the RM0.0044 cash distribution by Pavilion REIT for which the entitlement date is on 22 February 2012), the number of units to be issued to the Manager is 566,852 units.
No. of shared issued
566,852
Issue Price
MYR 1.092
Par Value
MYR 0.000
Total NOSH
3,000,566,852
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