provided that:
(1) the aggregate number of Units to be issued pursuant to this
Resolution (including Units to be issued in pursuance of
Instruments made or granted pursuant to this Resolution) shall
not exceed fifty per cent. (50.0%) of the total number of issued
Units (as calculated in accordance with sub-paragraph (2)
below), of which the aggregate number of Units to be issued
other than on a pro rata basis to Unitholders (including Units to
be issued in pursuance of Instruments made or granted pursuant
to this Resolution) shall not exceed twenty per cent. (20.0%) of
the total number of issued Units (as calculated in accordance
with sub-paragraph (2) below);
(2) subject to such manner of calculation as may be prescribed by
the Singapore Exchange Securities Trading Limited (the
“
SGX-ST
”) for the purpose of determining the aggregate number
of Units that may be issued under sub-paragraph (1) above, the
total number of issued Units shall be based on the total number
of issued Units at the time this Resolution is passed, after
adjusting for:
(a) any new Units arising from the conversion or exercise of any
convertible securities or options which are outstanding or
subsisting at the time this Resolution is passed; and
(b) any subsequent bonus issue, consolidation or subdivision
of Units;
(3) in exercising the authority conferred by this Resolution, the
Manager shall comply with the provisions of the Listing Manual of
the SGX-ST for the time being in force (unless such compliance
has been waived by the SGX-ST) and the trust deed dated 19
January 2006 constituting Ascott Reit (as amended) (the “
Trust
Deed
”) for the time being in force (unless otherwise exempted or
waived by the Monetary Authority of Singapore);
(4) (unless revoked or varied by the Unitholders in a general
meeting) the authority conferred by this Resolution shall continue
in force until (i) the conclusion of the next annual general meeting
of Ascott Reit or (ii) the date by which the next annual general
meeting of Ascott Reit is required by applicable laws and
regulations or the Trust Deed to be held, whichever is the earlier;
Notice of
Annual General Meeting
210 | Ascott Residence Trust Annual Report 2014
