Keppel DC Reit issues 1.7m shares as part of acquisition fee earned

KEPPEL DC Reit Management, manager of Keppel DC Reit, has said about 1.7 million units in the Reit (real estate investment trust) were issued on Monday at a price of S$1.2082 per unit.

This was as acquisition fee earned in respect of Keppel DC Reit's purchase of a 90 per cent interest in Keppel DC Singapore 3 Pte Ltd (now converted to Keppel DC Singapore 3 LLP), which in turn holds Keppel DC Singapore 3 (formerly known as T27), located at 27 Tampines Street 92.

The issue price per acquisition fee unit is the volume-weighted average price for a unit for all trades done on Singapore Exchange for the last 10 business days for the period ended Jan 20, 2017, being the date of completion of the acquisition.

As at Monday, the manager holds more than two million shares, representing approximately 0.182 per cent of the total number of 1.1 billion issued units in Keppel DC Reit.