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Sabana, ESR directors recommend voting for proposed merger of the 2 Reits

Reit managers announce that their respective independent financial advisers have advised them to recommend unitholders to vote in favour of the merger

Published Thu, Nov 12, 2020 · 09:50 PM

Sabana Reit

Singapore

THE independent directors of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) and recommending directors of ESR-Reit are recommending unitholders to vote for the proposed merger of the two, at the current terms of 0.94 ESR-Reit unit for one Sabana Reit unit.

Unitholders of Sabana Reit must pre-register for the scheme meeting held on Dec 4 and vote on the scheme resolution by 2.30pm on Dec 1, said the manager in a circular issued to unitholders on Thursday.