Sabana Reit to hold requisitioned EGM on or before May 25

THE manager of Sabana Industrial Real Estate Investment Trust (Reit) said on Monday (Apr 15) that it intends to convene the requisitioned extraordinary general meeting (EGM) on or before May 25.

This is to consider the resolutions proposed in the requisition notice released on Mar 26, in which the requisitioners requested that the requisitioned resolutions be tabled at the annual general meeting (AGM) on Apr 23, or the EGM be held right after the AGM at the same venue.

The manager added that due to the closeness in time between the AGM and EGM, it is unable to accede to the requisitioners’ request, as it needs time to prepare for the convening of the EGM according to relevant regulatory and legal requirements.

The notice of the requisitioned EGM as well as the circular containing material information relating to the requisitioned resolutions will be issued to unitholders in due course, in accordance with the relevant notice period required under the trust deed, said the manager.

Units of Sabana Reit : M1GU 0% closed Friday down 1.4 per cent or S$0.005 at S$0.365.