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ARA LOGOS Logistics Trust to receive higher scheme consideration from ESR-REIT

Atiqah Mokhtar
Atiqah Mokhtar1/22/2022 8:50 AM GMT+08  • 2 min read
ARA LOGOS Logistics Trust to receive higher scheme consideration from ESR-REIT
ALOG will be deferring the EGM and scheme meeting in relation to the merger scheduled on Jan 27 to a future date.
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The manager of ARA LOGOS Logistics Trust (ALOG) has announced on Jan 22 that ESR-REIT will pay a higher scheme consideration in relation to the proposed merger between the two REITs by way of a trust scheme of arrangement.

ESR-REIT will now pay 9.7 cents in cash for each ALOG unit, and the rest through the allotment and issue of 1.7729 new ESR-REIT units (the consideration units) at an issue price of 49.24 cents per consideration unit.

Previously the scheme consideration comprised of 9.5 cents in cash, and the rest in units through the allotment and issuance of 1.6765 new ESR-REIT units at an issue price of 51 cents for each consideration unit.

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