First REIT 2.0 Growth Strategy

First REIT has unveiled its new 2.0 Growth Strategy, driven by its vision to become Asia’s premier healthcare Trust. As part of this strategy, the Manager announced a proposed acquisition of assets in Japan.

“We are excited to be in a position to create value for Unitholders by executing on the first steps of our new First REIT 2.0 Growth Strategy with a proposed DPU accretive acquisition. Buying a portfolio of nursing homes in Japan will give us strategic entry into a nursing home market with strong growth potential as we capitalise on ageing demographic trends, while simultaneously diversifying our asset and geographical risk.”

-Mr Victor Tan, Chief Executive Officer of the Manager

EXTRAORDINARY GENERAL MEETING 2022

The Board of Directors of First REIT Management Limited (the “Board”), in its capacity as manager of First Real Estate Investment Trust (“First REIT”, and as manager of First REIT, the “Manager”) refers to the Manager’s announcement on the Extraordinary General Meeting (“EGM”) of First REIT which will be convened and held by way of electronic means on Friday, 28 January 2022 at 11:00 a.m. (Singapore time).
Our Lead Independent Director, Mr Adrian Chan and our Chief Executive Officer, Mr Victor Tan, will conduct the proceedings of the EGM.

ALTERNATIVE ARRANGEMENTS

The following are the alternative arrangements which have been put in place for the EGM:
1. Pre-Registration for “live” audio-visual webcast and “live” audio-only stream
Unitholders will be able to watch these proceedings through a “live” audio-visual webcast via their mobile phones, tablets or computers or listen to these proceedings through a “live” audio-only stream via telephone. In order to do so, Unitholders must follow these steps:
(a)
Unitholders who wish to watch the “live” audio-visual webcast or listen to the “live” audio-only stream of the EGM must pre-register by 11:00 a.m. (Singapore Time) on Tuesday, 25 January 2022, for the Manager to authenticate his/her/its status as Unitholders.
(b)
Authenticated Unitholders will receive email instructions on how to access the audio-visual webcast and audio-only stream of the EGM proceedings by 11:00 a.m. (Singapore Time) on Thursday, 27 January 2022.
(c)
Unitholders who do not receive an email by 11:00 a.m. (Singapore Time) on Thursday, 27 January 2022, but who have registered by 11:00 a.m. (Singapore Time) on Tuesday, 25 January 2022 deadline, should contact First REIT’s Unit Registrar, Boardroom Corporate & Advisory Pte. Ltd. at +65 6536 5355 during operating hours from 9:00 a.m. to 4:00 p.m. (Singapore Time) on Thursday, 27 January 2022.
2. Submission of questions in advance
Unitholders who pre-register to watch the “live” audio-visual webcast or listen to the “live” audio-only stream may also submit questions related to the resolutions to be tabled for approval at the EGM:
(a)
All questions must be submitted by 12:00 noon (Singapore Time) on Sunday, 16 January 2022:
·
via the pre-registration website;
·
in hard copy by completing the Submission of Questions Form provided by the Manager and sending the same by post to the office of First REIT's Unit Registrar, Boardroom Corporate & Advisory Services Pte. Ltd., 50 Raffles Place #32-01, Singapore Land Tower, Singapore 048623; or
·
via email by completing the Submission of Questions Form provided by the Manager and sending the same to First REIT's Unit Registrar, Boardroom Corporate & Advisory Services Pte. Ltd. at firstreitegm2022@boardroomlimited.com.
(b)
The Manager will address substantial and relevant questions relating to the resolutions to be tabled for approval at the EGM as received from Unitholders prior to the closing date and time for submission of questions.
(c)
The Manager will, within one month after the date of the EGM, publish the minutes of the EGM on SGX Website and the Manager’s website,
(d)
Please note that Unitholders will not be able to ask questions at the EGM “live” during the audio-visual webcast and the audio-only stream, and therefore it is important for Unitholders to pre-register their participation in order to be able to submit their questions in advance of the EGM.
Unitholders are encouraged to submit their questions promptly for such questions to be addressed. The Manager will address all substantial and relevant questions received from Unitholders prior to the closing date and time for submission of questions, being 12:00 noon (Singapore Time) on Sunday, 16 January 2022, by 11:00 a.m. (Singapore Time) on Saturday, 22 January 2022, being 72 hours prior to the closing date and time for the lodgement of Proxy Forms.
Question Submission Form
3. Proxy voting
Unitholders will not be able to vote online on the resolutions to be tabled for approval at the EGM. Instead, if Unitholders (whether individual or corporate) wish to exercise their votes, they must submit a proxy form to appoint the Chairman of the EGM to vote on their behalf:
(a)
Unitholders (whether individual or corporate) appointing the Chairman of the EGM as proxy must give specific instructions as to his/her/its manner of voting, or abstentions from voting, in respect of a resolution in the proxy form, failing which the appointment of the Chairman of the EGM as proxy for that resolution will be treated as invalid.
(b)
The proxy form can be submitted in hard copy form or by email:
·
if in hard copy, submitted by post to First REIT’s Unit Registrar’s office at Boardroom Corporate & Advisory Services Pte. Ltd., 50 Raffles Place #32-01, Singapore Land Tower, Singapore 048623; or
·
if submitted electronically, be submitted via email to the Unit Registrar at firstreitegm2022@boardroomlimited.com,.

in either case not later than 11:00 a.m. (Singapore Time) on Tuesday, 25 January 2022 (the “Proxy Deadline”).
Unitholders who wish to submit an instrument of proxy must first download, complete and sign the proxy form, before submitting it by post to the address provided above, or scanning and sending it by email to the email address provided above.
Unitholders who hold their units through relevant intermediaries as defined in Section 181 of the Companies Act, Chapter 50 of Singapore (including CPF and SRS investors) and, who wish to participate in the EGM by (a) observing and/or listening to the EGM proceedings through live audio-visual webcast or live audio-only stream; (b) submitting questions in advance of the EGM; and/or (c) appointing the Chairman of the EGM as proxy to attend, speak and vote on their behalf at the EGM, should approach their respective relevant intermediaries (including their respective CPF agent banks or SRS Approved Banks) through which they hold such Units as soon as possible in order to make the necessary arrangements for them to participate in the EGM.
For the avoidance of doubt, CPF and SRS investors who wish to participate in the EGM by (a) observing and/or listening to the EGM proceedings through live audio-visual webcast or live audio-only stream and/or (b) submitting questions in advance of the EGM, should refer to paragraphs 1 and 2 above respectively. However, CPF and SRS investors who wish to appoint the Chairman of the EGM as proxy should approach their respective CPF Agent Banks or SRS Operators to submit their votes by Tuesday, 18 January 2022, being seven (7) working days before the date of the EGM.

FIRST REIT VIRTUAL INFORMATION SESSION 2022

The Manager held a Virtual Information Session on 20 January 2022 for Unitholders to better understand the resolutions to be tabled at the upcoming EGM. 
View Presentation Slides