SGX Announcements

Equity Listing - Business Trusts :: Payment Of S$0.5 Million Trustee-Manager Base Fees By Way Of Issue Of Units In Aptt

BackJan 10, 2020
Announcement Title Equity Listing - Business Trusts
Date & Time of Broadcast Jan 10, 2020 18:21
Status New
Announcement Sub Title Payment of S$0.5 million Trustee-Manager base fees by way of issue of Units in APTT
Announcement Reference SG200110OTHRAX25
Submitted By (Co./Ind. Name) Brian McKinley
Designation Chief Executive Officer
Description(Please provide a detailed description of the announcement in the box below) The Trustee-Manager announces the issue of 2,955,468 Units as payment of S$0.5 million Trustee-Manager base fees. Please refer to the attached for more details.

The Listing Date of 14 January 2020 at 9.00 a.m. as stated below is indicative and subject to final confirmation.
Listing Details
Form of Issue Registered
Primary Listing Yes
Country of Primary Listing Singapore
Issue Date 10/01/2020
Listing Date 14/01/2020 09:00:00
Issue Currency Singapore Dollar
Trading Currency Singapore Dollar
Asset Class Business Trusts
Agent Details
Name of Lead Manager (s)/ Bookrunner(s)
NameDescription

Attachments

  1. Attachment 1 (Size: 94,483 bytes)
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The Asian Pay Television Trust information on this website is general in nature. All securities and financial product or instrument transactions involve risks. Past performance of any product described on this site is not a reliable indication of future performance.

No PRC Person shall hold or control Units in Asian Pay Television Trust in breach of the PRC Investment Restrictions and no Restricted Party shall hold or control Units in breach of the Taiwan Government Ownership Restrictions. The Trustee-Manager may, in the case of a breach of the PRC Investment Restrictions and/or the Taiwan Government Ownership Restrictions and/or where a corporate entity which provides cable television services in Taiwan (as determined by the Trustee-Manager in its sole discretion) holds or acquires more than one-third of the total issued Units, take all steps and do all things as they may in their absolute discretion deem necessary to ensure that the restrictions thereunder are complied with. In particular, the Trust Deed provides that the Trustee-Manager has the power to require the relevant Unitholders to dispose of their Units and, if such request is not complied with within 21 days after such request (or such shorter period as the Trustee-Manager shall consider reasonable), the power to arrange for the sale of the Units. Pending such sale, the Trustee-Manager has the power to suspend the voting rights of such Units and/or to restrict the transfer of such Units. The Trustee-Manager shall not be required to give any reason for, and shall not under any circumstances be liable to or be responsible for any losses incurred by, any person as a result of, any decision, declaration or action taken or made in this regard.