Digital Core REIT commences an Equity Buyback Plan for 130,829,086 shares, representing 10% of its issued share capital, under the authorization approved on April 18, 2024.

Digital Core REIT (SGX:DCRU) commences share repurchases on April 19, 2024, under the program mandated by the shareholders on April 18, 2024. As per the mandate, the company is authorized to repurchase up to 130,829,086 shares, representing 10% of the issued ordinary share capital. In case of on market repurchases, the maximum price that will be paid by the company for repurchases will be 105% of the average closing price over the period of five market days in which transactions in the shares on the SGX-ST were recorded before the day on which such purchase is made.

While in case of off-market repurchases, the maximum price not be more than the Maximum Price for an Off-Market Repurchase calculated on the foregoing basis for each Unit and the relevant terms of the equal access scheme for effecting the Off-Market repurchase. The authority shall expire at the earliest of the date on which the first Annual General Meeting of the company is held, the date by which the next Annual General Meeting of the company is required by applicable laws and regulations or the trust deed to be held, or the date on which the authority is carried out to the full extent, unless varied or revoked in a General Meeting.