Pursuant to the Bursa Malaysia Securities Berhad's letters dated 7 May 2021 and 16 July 2021 in relation to the Approved Manager's Units and the Approved Public Spread, 6,661,476 new units of IGBCR to be issued to IGB REIT Management Sdn Bhd, the Manager of IGBCR as payment of management fees, as detailed below:
| Period |
Management Fees |
Issue Price per unit# |
Units to be issued |
|
1 October 2022 to 31 December 2022 ("4Q22")
|
Base Fee @ 0.3% per annum (“p.a.”) of Total Asset Value (excluding cash and cash balances which are held in non-interest bearing accounts)
|
RM2,473,466 |
RM0.576 |
4,294,212 |
| Performance Fee @ 5% p.a. of Net Property Income |
RM1,363,544 |
RM0.576 |
2,367,264 |
| |
Total |
RM3,837,010 |
|
6,661,476 |
# Volume weighted average market price of IGBCR units for the last 5 market days (12 to 18 January 2023) preceding the announcement of IGBCR’s interim financial results for 4Q22 on 19 January 2023.
Based on the Record of Depositors as at 19 January 2023, the public unitholding spread of IGBCR stood at 21.76%, however upon issuance of the new units the public unitholding spread to be 21.70%. Accordingly, IGBCR is in compliance with the Approved Public Spread.
This announcement is dated 20 January 2023.