The manager of Keppel DC REIT says the REIT has received valid acceptances and excess applications for a total of 237,305,023 preferential offering units, as at the close of the preferential offering on Dec 10.
Valid acceptances and excess applications stood at 119,529,616 and 117,775,407 preferential offering units, or 80.5% and 79.4% respectively.
According to the manager, a total of 28,883,447 excess preferential offering units, which were not validly accepted or not taken up, is set to be allotted to satisfy applications for excess preferential offering units.
In the allotment of excess preferential offering units, preference will be given to the rounding of odd lots.
The manager, directors of the manager and substantial unitholders who have control or influence over Keppel DC REIT or the manager in connection with the day-to-day affairs of the REIT or the manager or the terms of the preferential offering, or have representation (direct or through a nominee) on the board of directors are expected to rank last in priority for the rounding of odd lots and allotment of excess preferential offering units.
The manager adds that a total of 148,413,063 preferential offering units will be issued at the issue price of $2.03 per preferential offering unit to raise gross proceeds of approximately $301.3 million.
See also: Keppel DC REIT divesting Basis Bay Data Centre in Malaysia at 2.6% above valuation
Keppel DC REIT’s preferential offering units are expected to be listed and quoted on the mainboard of the SGX-ST with effect from 9.00 a.m. on Dec 18.
Units in Keppel DC REIT closed 1 cent higher, or up 0.457%, at $2.20 on Dec 12.
