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Announcements Press Releases Presentations

Launch Of Placement To Raise Gross Proceeds Of No Less Than S$100 Million

BackMar 14, 2016

Announcement Title	Placements
Announcement Subtitle	Launch Of Placement To Raise Gross Proceeds Of No Less Than S$100 Million
Securities	ASCOTT RESIDENCE TRUST (ART)
Date & Time of Broadcast	Mar 14, 2016 18:17
Submitted By	Kang Siew Fong / Regina Tan Joint Company Secretaries, Ascott Residence Trust Management Limited
Description	Launch of private placement of 94,787,000 new units in Ascott Residence Trust to institutional and other investors at an issue price of between S$1.055 and S$1.085 per new unit to raise gross proceeds of no less than S$100.0 million. Please refer to the attached announcement for further details.
Capital Amount - Old	SGD 1,754,115,230.00
Capital Amount - New	SGD 1,854,115,230.00
Number of Existing Outstanding Shares	1,552,314,363
New Shares Issued	94,787,000
Offer Price	SGD 1.055

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