Keppel REIT hits nearly 77% valid acceptance for preferential offering

Over 180 million units in excess applications were also received.

Keppel REIT Management Limited has announced that valid acceptances for its December preferential offering reached 76.9%.

In a bourse filing, the manager of Keppel REIT said it received a total of 709,484,401 units of valid acceptances out of the offered 923,189,327 units. There were also 185,660,704 units in excess applications, which is 20.1% of the total.

Keppel Ltd., Keppel REIT Investment Pte. Ltd., Keppel Capital Investment Holdings Pte. Ltd., and Keppel REIT Management have also accepted in full their respective provisional allotments of 46 units, 258,466,741 units, 36,093,869 units and 49,380,900 units, respectively.

Post-completion of the preferential offering, the said companies will respectively own an aggregate interest of 246 units, 1,382,235,181 units, 193,023,737 units, and 264,080,466 units. These represent 0.0%, 28.0%, 3.9% and 5.3%, respectively, of the total number of 4,937,055,970 units in issue after the listing and quotation of the 923,189,327 new units.

The manager expects the new units to be listed and quoted on the Main Board on 19 January.

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