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.
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.
