Shares & Derivatives
7 things I Learned From the 2020 FLT EGM and 2020 FCOT EGM
By Seedly  •  March 27, 2020

Last December, Frasers Logistics and Industrial Trust (FLT) and Frasers Commercial Trust (FCOT) proposed a merger between the two into one enlarged REIT.

FLT will acquire all units of FCOT for about S$1.54 billion via a combination of cash and new units.

FCOT unitholders will receive S$0.151 in cash and 1.233 new units in FLT at an issue price of S$1.24 per unit.

This means that for every 1,000 FCOT shares, FCOT unitholders receive $151 in cash and 1,233 of FLT units.

Farnborough Business Park

Post-merger, FLT also plans to acquire a 50% interest in Farnborough Business Park in the UK.

Farnborough Business Park is a business park which offers a diversified tenant mix focused mainly in engineering, pharmaceuticals and banking.

The property has a 99% occupancy rate with more than 80% of its tenant leases expiring in four years or more.

After the successful merger and acquisition,

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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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