INTERESTED PERSON (AS DEFINED IN THE LISTING MANUAL) AND
INTERESTED PARTY (AS DEFINED IN THE PROPERTY FUNDS APPENDIX) TRANSACTIONS
The transactions entered into during the financial year are as follow:
AGGREGATE VALUE
(1)
OF ALL INTERESTED
PERSON/PARTY
TRANSACTIONS
DURING THE
FINANCIAL YEAR
UNDER REVIEW
(EXCLUDING
TRANSACTIONS LESS
THAN S$100,000 AND
TRANSACTIONS
CONDUCTED UNDER
UNITHOLDERS’
MANDATE PURSUANT
TO RULE 920)
AGGREGATE VALUE
(1)
OF ALL INTERESTED
PERSON/PARTY
TRANSACTIONS
DURING THE
FINANCIAL YEAR
UNDER REVIEW UNDER
UNITHOLDER’S
MANDATE PURSUANT
TO RULE 920
(EXCLUDING
TRANSACTIONS LESS
THAN S$100,000)
NAME OF INTERESTED PERSON/PARTY
S$’000
S$’000
CapitaLand Limited & its subsidiaries
Asset management fees
668
–
The Ascott Limited & its subsidiaries
and/or associated companies
Acquisition of interest in 3 serviced
residence properties
131,600
(2)
–
Serviced residence management fees
49,627
–
Manager’s management fees
16,649
–
Acquisition of interest in a rental housing
property
9,100
–
Acquisition fees
2,073
–
Project management fee
653
–
Rental Income
170
–
DBS Trustee Limited (as trustee of Ascott
Residence Trust)
Trustee’s fee
384
–
Total
210,924
–
(1)
The aggregate value is for the contract period.
(2)
This had been approved by unitholders at Extraordinary General Meeting held on 31 July 2014.
Interested Person/Party Transactions
208 | Ascott Residence Trust Annual Report 2014
