Direct and deemed holdings registered in the name of the director, spouse or infant children Name of director in which interests are held Direct At beginning of the year / date of appointment Deemed At beginning of the year / date of appointment Direct At end of the year Deemed At end of the year Contingent award of Performance Stapled Security1 to be delivered after 2024 Ms Teo Joo Ling, Serena (110,913 PSSP) 0 to 221,8262 – 0 to 221,8262 – Ms Beh Siew Kim (221,827 PSSP) 0 to 443,6542 – 0 to 443,6542 – Contingent award of Performance Stapled Security1 to be delivered after 2025 Ms Teo Joo Ling, Serena (169,573 PSSP) – – 0 to 339,1462 – Unvested Restricted Stapled Security1 to be delivered after 2020 Ms Beh Siew Kim * During the year, 42,610 stapled securities were released. 35,5393 – 0* – Unvested Restricted Stapled Security1 to be delivered after 2021 Ms Beh Siew Kim 185,3913 – 92,6963 – Contingent award of Restricted Stapled Security1 to be delivered after 2022 Ms Teo Joo Ling, Serena 0 to 166,3692 – 110,9133 – Ms Beh Siew Kim 0 to 332,7402 – 221,8273 – There were no changes in the abovementioned interests of CapitaLand Ascott BT between 31 December 2023 and 21 January 2024. Notes: 1 This refers to the number of Stapled Securities which are the subject of contingent awards granted or finalised but not released under the REIT Manager’s Performance Stapled Security Plan (“PSSP”) and the Restricted Stapled Security Plan (“RSSP”). 2 The final number of Stapled Securities to be released will depend on the achievement of pre-determined targets at the end of the threeyear performance periods for the PSSP and one-year performance period for the RSSP. The final number of Stapled Securities that will be released could range from 0% to 200% of the baseline award under the PSSP and from 0% to 150% of the baseline award under the RSSP. The Nominating and Remuneration Committee of the REIT Manager has the discretion to adjust the number of Stapled Securities released taking into consideration other relevant quantitative and qualitative factors. The Stapled Securities released under PSSP, if any, will be delivered in a combination of stapled securities and cash. 3 Being the unvested Stapled Securities under the RSSP. On the final vesting, an additional number of Stapled Securities of a total value equal to the value of the accumulated distributions which are declared during each of the vesting periods and deemed foregone due to the vesting mechanism of the RSSP, will also be released. Except as disclosed in this report, no director who held office at the end of the financial year had interests in units, options, warrants or debentures of CapitaLand Ascott BT, either at the beginning (or date of appointment, if later) or at the end of the financial year. ARRANGEMENTS TO ENABLE DIRECTORS TO ACQUIRE UNITS AND DEBENTURES Neither at the end of nor at any time during the financial year was the BT Trustee-Manager a party to any arrangement whose object was to enable any or all directors of the BT Trustee-Manager to acquire benefits by means of the acquisition of units, or debentures, of CapitaLand Ascott BT. REPORT OF THE TRUSTEE-MANAGER OF CAPITALAND ASCOTT BUSINESS TRUST Overview Sustainability & Governance Leadership Portfolio & Performance Financial Statements and Other Information ANNUAL REPORT 2023 147
RkJQdWJsaXNoZXIy NTkwNzg=