News
Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest
BackAug 13, 2010
| Part I | ||||||||||||||||||||
| 1. | Date of notice to issuer | 13/08/2010 | ||||||||||||||||||
| 2. | Name of Substantial Shareholder | The Ascott Limited | ||||||||||||||||||
| 3. | Notice Type | Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. |
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| Part II - Not Required | ||||||||||||||||||||
| Part III | ||||||||||||||||||||
| 1. | Date of change of Interest | 13/08/2010 | ||||||||||||||||||
| 2. | The change in the percentage level | From 29.01 % To 47.74 % | ||||||||||||||||||
| 3. | Circumstance(s) giving rise to the interest or change in interest | # Others 1) The payment of 50% of the base fee and base performance fee (as defined in the Trust Deed) of the management fee to Ascott Residence Trust Management Limited ("ARTML") for the period from 1 July 2009 to 30 September 2009 by way of issue of 908,602 units at S$1.0477 per unit in Ascott Residence Trust ("Ascott Reit"). 2) The payment of the Acquisition Fee (as defined in the Trust Deed) to ARTML in relation to the completion of the acquisition by Ascott Reit of the entire issued share capital of The Ascott (Vietnam) Investments Pte Ltd by way of issue of 194,323 units at S$1.0666 per unit in Ascott Reit. 3) The payment of 50% of the base fee and base performance fee (as defined in the Trust Deed) of the management fee to ARTML for the period from 1 October 2009 to 31 December 2009 by way of issue of 805,564 units at S$1.1607 per unit in Ascott Reit. 4) The payment of 50% of the base fee and base performance fee (as defined in the Trust Deed) of the management fee to ARTML for the period from 1 January 2010 to 31 March 2010 by way of issue of 790,768 units at S$1.1464 per unit in Ascott Reit. 5) The payment of 50% of the base fee and base performance fee (as defined in the Trust Deed) of the management fee to ARTML for the period from 1 April 2010 to 30 June 2010 by way of issue of 773,988 units at S$1.1919 per unit in Ascott Reit. 6) CapitaLand Limited ("CapitaLand") has rationalized the group holding structure for units in Ascott Reit by transferring its entire interest in Somerset Capital Pte Ltd ("SCPL") to TAL. Both SCPL and TAL are wholly-owned subsidiaries of CapitaLand. Following the acquisition by TAL of the entire issued share capital of SCPL, a substantial unitholder of Ascott Reit, TAL is deemed to have an interest in 113,569,202 Ascott Reit's units held by SCPL. |
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| 4. | A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: | A series of transactions | ||||||||||||||||||
| Part IV | ||||||||||||||||||||
| 1. | Holdings of Substantial Shareholder, including direct and deemed interest : | |||||||||||||||||||
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