The issuance of 1,861,605 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 1st half of financial year ending 31 December 2013. The total managment fee payable to the Manager for the 1st half of financial year ending 31 December 2013 amounted to RM10,209,045.40, whereby approximately RM2,552,261.35 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 1 August 2013 (being the date of announcement of Pavilion REIT's latest quarterly report) of RM1.3710 (adjusted for the RM0.0365 cash distribution by Pavilion REIT for which the entitlement date is on 20 August 2013), the number of units to be issued to the Manager is 1,861,605 units.
No. of shared issued
1,861,605
Issue Price
MYR 1.371
Par Value
MYR 0.000
Total NOSH
3,009,684,199
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