Keppel Infrastructure Trust to raise $200.79m in preferential share offering
The offering will close on 4 April.
Keppel Infrastructure Trust (KIT) launched its preferential offering, which comprises a non-renounceable underwritten preferential offering of 455.31 million units at the issue price of $0.441 per unit, an announcement revealed.
Pursuant to the preferential offering, the instructions booklet, together with the acceptance form for the preferential offering units and application form for excess preferential offering units (ARE) and the provisional allotment letter (PAL) to be issued to an entitled scripholder, will be despatched to entitled unitholders on 27 March.
“Entitled Unitholders who wish to accept their provisional allotment of preferential offering units under the preferential offering and, if applicable, apply for excess preferential offering units will need to do so in the manner set out in the instructions booklet and the ARE or the PAL by 4 April,” Keppel Infrastructure Fund Management highlighted in a statement.
KIT’s preferential offering will close on 4 April at 5 p.m. for acceptances of provisional allotments of units and applications for excess preferential offering units via ARE or PAL or on 4 April at 9:30 p.m. for acceptances of provisional allotments of the units and (if applicable) applications for excess preferential offering units effected via electronic applications through ATMs of the participating banks.
Keppel Infrastructure Fund Management said that it expects the preferential offering units to be listed and quoted on the Main Board of the Singapore Exchange Securities Trading (SGX-ST) with effect from 9 a.m. on 15 April.