18 UNITS IN ISSUE AND PERPETUAL SECURITIES
(a) Units in issue
Group and Trust
2014
2013
Number of
Units
Number of
Units
’000
’000
At 1 January
1,522,495
1,142,819
Issue of new Units:
– equity placement
–
114,943
– As Manager’s fees paid in Units
10,507
8,424
– As Manager’s acquisition fees paid in Units
2,021
2,560
– Rights issue
–
253,749
At 31 December
1,535,023
1,522,495
During the financial year ended 31 December 2014, the Trust issued Units as follows:
(a) 10,506,622 Units were issued at issue prices ranging from $1.1850 to $1.2466 per
Unit, amounting to $12,821,000 as payment of the Manager’s fee for the period from
1 October 2013 to 30 September 2014.
(b) On 30 May 2014, the Trust issued 690,108 Units at an issue price of $1.2216 per Unit
as payment of the acquisition fee in relation to the completion of the acquisition of a
rental housing property in Japan.
(c) On 30 October 2014, the Trust issued 1,330,546 Units at an issue price of $1.2289
per Unit as payment of the acquisition fee in relation to the completion of the
acquisition (directly or indirectly through the acquisition of shareholding interests) of
two serviced residence properties in the People’s Republic of China and one
serviced residence property in Malaysia.
During the financial year ended 31 December 2013, the Trust issued Units as follows:
(a) On 6 February 2013, the Trust issued 114,943,000 Units at an issue price of $1.3050
per Unit by way of an equity placement to institutional and other investors.
(b) 8,424,571 Units were issued at issue prices ranging from $1.2800 to $1.4321 per
Unit, amounting to $11,275,000 as payment of the Manager’s fee for the period from
1 October 2012 to 30 September 2013.
(c) On 10 September 2013, the Trust issued 2,559,825 Units at an issue price of $1.1967
per Unit as payment of the acquisition fee in relation to the completion of the
acquisition (directly or indirectly through the acquisition of shareholding interests) of
three serviced residence properties in the People’s Republic of China and 11 rental
housing properties in Japan.
Notes to the Financial Statements
Year ended 31 December 2014
164 | Ascott Residence Trust Annual Report 2014
