Rights Entitlements definition

Rights Entitlements means the “nil-paid” provisional allotment of Rights Units to Eligible Unitholders under the Rights Issue.

Rights Entitlements means the right to apply for the Equity Shares being offered by way of the Issue, by an Investor, in accordance with the SEBI ICDR Regulations read with the SEBI circular bearing reference number SEBI/HO/CFD/DIL2/CIR/P/2020/13 dated January 22, 2020, in this case being eight Equity Shares for every 85 Equity Shares held by an Eligible Equity Shareholder, on the Record Date, excluding any fractional entitlements;

Rights Entitlements means the number of Rights Equity Shares that an Eligible Equity Shareholder is entitled to in proportion to the number of Equity Shares held by the Eligible Equity Shareholder on the Record Date;

Examples of Rights Entitlements in a sentence

• The Rights Entitlements are tradable in dematerialized form only.

• Accordingly, the Rights Entitlements of the Physical Shareholders shall be credited in a suspense escrow demat account opened by our Company during the Issue Period.

• Accordingly, the process for such Rights Entitlements has been recently devised by capital market intermediaries.

• The proportionate ownership and voting interest in our Company of Eligible Equity Shareholders who fail (or are not able) to exercise their Rights Entitlements will be diluted.

• The Investors can place order for sale of Rights Entitlements only to the extent of Rights Entitlements available in their demat account.

• Further, in case, the Rights Entitlements do not get credited in time, in case of On Market Renunciation, such Renouncee will not be able to apply in this Issue with respect to such Rights Entitlements.

• Even if you elect to sell your unexercised Rights Entitlements, the consideration you receive for them may not be sufficient to fully compensate you for the dilution of your percentage ownership of the equity share capital of our Company that may be caused as a result of the Issue.

• The Rights Entitlements of the Physical Shareholders who do not furnish the details of their demat account to the Registrar not later than two Working Days prior to the Issue Closing Date, shall lapse.

• The buyer of the Rights Entitlements (unless already having given a standing receipt instruction) has to issue a receipt instruction slip to their depository participant.

• The details for trading in Rights Entitlements will be as specified by the Stock Exchanges from time to time.

More Definitions of Rights Entitlements

Rights Entitlements means the “nil-paid” provisional allotment of Rights Units to Eligible Unitholders under the Rights Issue.SGX-ST) their Rights Entitlements and are eligible to apply for Excess Rights Units4.The procedures for acceptance, payment, renunciation and applications for Rights Units and/or Excess Rights Units by Eligible Unitholders will be set out in the Offer Information Statement.Eligible Unitholders who hold odd lots of Units (that is, lots other than board lots of 100 Units) and who wish to trade in odd lots are able to trade odd lots of Units on the SGX-ST’s Unit Share Market5.All dealings in and transactions of the Rights Entitlements through the SGX-ST will be effected under the book-entry (scripless) settlement system.Unitholders who have subscribed for or purchased Units under the SRS 6 or through a finance company and/or Depository Agent7 can only accept their Rights Entitlements and (if applicable) apply for Excess Rights Units by instructing the relevant banks, finance company and/or Depository Agent in which they hold their SRS Accounts8 to do so on their behalf in accordance with the Offer Information Statement. Any application made directly by the abovementioned Unitholders through CDP or through ATMs9 will be rejected.2.7.2 Ineligible UnitholdersNo Rights Entitlements will be provisionally allotted to Unitholders who are not Eligible Unitholders (“Ineligible Unitholders”) and no purported acceptance thereof or application for Excess Rights Units therefor by Ineligible Unitholders will be valid.The offer, sale and delivery of the Rights Units and the Rights Entitlements may be prohibited or restricted in certain jurisdictions under their relevant securities laws. Thus, for practical reasons and in order to avoid any violation of the securities legislation or other relevant laws applicable in countries (other than in Singapore) where Unitholders may have as their addresses registered with CDP, the Rights Issue will not be extended to Ineligible Unitholders.If it is practicable to do so, the Manager may, in its absolute discretion, arrange for Rights Entitlements which would otherwise have been allotted to Ineligible Unitholders to be sold “nil-paid” on the SGX-ST as soon as practicable after dealings in the Rights Entitlements commence. Such sales may, however, only be

Rights Entitlements means the “nil-paid” provisional allotment of Rights Units to Eligible Unitholders under the Rights Issue. 2.2 Use of Proceedsconcerns over the uncertainty relating to the valuations and cash flows of First REIT’s assets and the potential negative impact of any master lease restructuring. It is a condition of the Refinancing Facility that First REIT undertakes an equity fund raising exercise to repay the difference between S$400 million and S$260 million, being S$140 million. The Manager intends to finance the S$140 million from the Rights Issue.First REIT is therefore carrying out the Rights Issue for the purposes of, among others, repayment of part of the 2018 Secured Loan Facilities to complete the refinancing exercise and avoid an imminent default of the S$195.5 million repayment obligation on 1 March 2021, master lease restructuring costs, as well as for working capital purposes.The Rights Issue will raise gross proceeds of approximately S$158.2 million, with the net proceeds of the Rights Issue, being the gross proceeds of the Rights Issue less the estimated fees and expenses (including professional and other fees and expenses) of approximately S$5.5 million incurred or to be incurred in connection with the Rights Issue, estimated to be approximately S$152.7 million. The Manager intends to use the gross proceeds from the Rights Issue as follows: