News

We refer to the announcements dated 30 January 2024, 31 January 2024 and 6 February 2024 in relation to the DRP (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On 30 January 2024, CLMT announced its fourth quarter results ended 31 December 2023 and approved the Final Income Distribution.

It has also been determined that the DRP shall apply to the Final Income Distribution, which allows Unitholders to reinvest their Final Income Distribution in new CLMT Units, where the gross electable portion will be the entire 2.24 sen per CLMT Unit (of which 2.10 sen per CLMT Unit is taxable and 0.14 sen per CLMT Unit is non-taxable in the hands of CLMT Unitholders) of the Final Income Distribution (“Electable Portion”).

The DRP provides the Unitholders the option to reinvest the entire Electable Portion or part of the Electable Portion in new CLMT Units.

If the Unitholder elects not to participate in the DRP, then the Electable Portion will be paid wholly in cash.

The Board of Directors of CMRM wishes to announce that the issue price of the new CLMT Units to be issued pursuant to the DRP applicable to the Final Income Distribution has been fixed today (“Price Fixing Date”) at RM0.5261 per new CLMT Unit (“Issue Price”), based on the 5-market day volume weighted average market price (“VWAMP”) of CLMT Units up to and including 6 February 2024 of RM0.5942, being the last trading day immediately prior to the Price Fixing Date. The Issue Price was fixed after:

1. deducting the Final Income Distribution of RM0.0224 per CLMT Unit; and
2. applying a discount of RM0.0457 which is an 8% discount to the ex-distribution 5-market day VWAMP of RM0.5718 per CLMT Unit.

The entitlement date for the Final Income Distribution and the DRP have been fixed on 22 February 2024.

Barring any unforeseen circumstances, the new CLMT Units arising from the exercise of the DRP will be listed on the Main Market of Bursa Malaysia Securities Berhad on 27 March 2024.

This announcement is dated 7 February 2024.