{"id":11172,"date":"2022-08-01T10:40:06","date_gmt":"2022-08-01T10:40:06","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/primetime-announces-4-95t-interim-distribution"},"modified":"2022-08-01T11:43:25","modified_gmt":"2022-08-01T11:43:25","slug":"primetime-announces-4-95t-interim-distribution","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/primetime-announces-4-95t-interim-distribution","title":{"rendered":"Primetime Announces 4.95T Interim Distribution"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Botswana. <\/strong><\/span><b>BSE listed diversified property group PrimeTime today issued a circular unpacking the elective capitalisation option on its second interim distribution for 2022 of 4.95 thebe per linked unit payable to unitholders.<\/b><\/p>\n<p>In terms of the elective capitalisation option, linked unitholders can elect to reinvest their distribution in return for linked units in PrimeTime at a ratio of the net distribution amount after withholding tax, divided by P1.85.<\/p>\n<p>\u201cThe elective capitalisation option provides shareholders with a unique opportunity to acquire additional shares in PrimeTime without having to pay the costs usually associated with such transactions,\u201d explained Sandy Kelly, Director of PrimeTime.<\/p>\n<p>\u201cImportantly, the retained cash will allow PrimeTime to build out its portfolio without negatively impacting on its loan-to-value,\u201d he said.<\/p>\n<p>Loan-to-value is an important metric measuring the amount of debt in a company vs its value.<\/p>\n<p>The Board of Directors of PrimeTime has approved the issue of up to 6 546 059 new units to be funded by the capitalisation of up to 100% of the imminent cash distributions to unitholders.<\/p>\n<p>\u201cWe have successfully traded through the last two years, and now, with the dissipation of the Covid pandemic, we are turning our focus to maintaining our excellent record of tenant retention. We have already seen a reduction in vacancies across the portfolio, and we are experiencing faster turn-around times in filling voids as they arise,\u201d remarked Kelly.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/botswana\">Botswana<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Botswana. BSE listed diversified property group PrimeTime today issued a circular unpacking the elective capitalisation option on its second interim distribution for 2022 of 4.95 thebe per linked unit payable to unitholders. In terms of the elective capitalisation option, linked unitholders can elect to reinvest their distribution in return for linked units in [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":11171,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,237,234],"class_list":["post-11172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Primetime Announces 4.95T Interim Distribution - Botswana<\/title>\n<meta name=\"description\" content=\"BSE listed diversified property group PrimeTime today issued a circular unpacking the elective capitalisation option ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/primetime-announces-4-95t-interim-distribution\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Primetime Announces 4.95T Interim Distribution\" \/>\n<meta property=\"og:description\" content=\"BSE listed diversified property group PrimeTime today issued a circular unpacking the elective capitalisation option ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/primetime-announces-4-95t-interim-distribution\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-01T10:40:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-01T11:43:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/08\/postQueueImg_6.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/primetime-announces-4-95t-interim-distribution#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/primetime-announces-4-95t-interim-distribution\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Primetime Announces 4.95T Interim Distribution\",\"datePublished\":\"2022-08-01T10:40:06+00:00\",\"dateModified\":\"2022-08-01T11:43:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/primetime-announces-4-95t-interim-distribution\"},\"wordCount\":239,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/primetime-announces-4-95t-interim-distribution#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/08\/postQueueImg_6.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/primetime-announces-4-95t-interim-distribution#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/primetime-announces-4-95t-interim-distribution\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/primetime-announces-4-95t-interim-distribution\",\"name\":\"Primetime Announces 4.95T Interim Distribution - 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