ESR-REIT and ARA LOGOS Logististics Trust (ALOG) have released the dates and times of their respective extraordinary general meetings (EGMs) and scheme meetings.
At the meetings, both REITs will seek approval from their respective unitholders for a proposed merger of the two entities.
ALOG’s EGM and scheme meeting will be held on 27 January 2022 at 3:00 pm and 3:30 pm respectively via live audio-visual webcast or live audio-only stream.
All ALOG unitholders may submit any relevant questions they have in respect of the EGM and the scheme meeting electronically or via post by 19 January.
Accordingly, ESR-REIT’s EGM will be held on the same day, but at 11:00 am.
ING Bank NV, Singapore Branch, as independent financial adviser, is of the opinion that on balance, the terms of the scheme are fair and reasonable from the financial point of view.
ESR-REIT and ALOG were last done on the SGX at SGD0.48 and SGD0.895, which presently imply distribution yields of 5.93% and 5.94% respectively according to data on the Singapore REITs table.