Ascendas Real Estate Investment Trust : Payment Of Divestment Fee By Way Of Issue Of Units In Ascendas Real Estate Investment Trust
(Founded in the Republic of Singapore
in accordance with the trust agreement dated October 9, 2002 (as amended)
PAYMENT OF THE PUBLICATION FEE BY ISSUE OF SHARES
IN ASCENDAS REAL ESTATE INVESTMENT TRUST
The terms used here in capital letters, unless otherwise defined, have the meaning given to them in the announcement of the Ascendas Real Estate Investment Trust of the 15th CapitaLand (the “Announcement of the renovation“).
The Board of Directors of Ascendas Funds Management (S) Limited (“Ascendas FMS“) would like to announce that 176,535 units of Ascendas Real Estate Investment Trust (“Straight up riding“, and the units at Ascenda’s riding,”units“) was issued today to Ascendas-FMS in her capacity as manager of Ascendas Reit. The shares were in exchange for payment of a disposal fee in connection with the sale of the assets of Property 1 (as defined in the Development Notice) to a related party that was announced on June 30th . November 2021 (“Sale fee“).
The 176,535 new shares issued today at an issue price of S $ 2.9218 per share were traded based on the volume-weighted average trading price for all of the Singapore Exchange Securities Trading Limited (“SGX-ST“) in the normal course of trading on SGX-ST from December 16, 2021 to December 29, 2021, ie the 10 business days immediately before the day on which the units are issued.
In accordance with the Trust Deed and Appendix 6 (Real Estate Funds) of the Code of Collective Investment, when Ascendas Reit dispenses real estate assets to interested parties, Ascendas-FMS will incur a sale fee in the form of. Shares issued by Ascendas Reit paid at the current market price. Shares should not be sold within one year of the date of issue.
Following the issue of shares above, the total number of shares in issue will be 4,197,929,792, of which Ascendas-FMS holds 2,542,959 shares, or approximately 0.061% of the total shares in issue.
ON ORDER OF THE MANAGEMENT BOARD
ASCENDAS FUNDS MANAGEMENT (S) LIMITED (Company registration no. 200201987K)
As manager of the Ascendas Real Estate Investment Trust
Michelle Koh
Company secretary
December 30, 2021
1
Important NOTE
This announcement is for information only and constitutes neither a solicitation nor an offer to acquire, buy or subscribe for shares in Ascendas Reit (“units“). This announcement is not intended for publication or distribution, direct or indirect, in or into the United States (including its territories and possessions, states of the United States and the District of Columbia), Canada or Japan. This announcement is not an offer for sale of securities in the United States, Canada or Japan The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States except as may be applicable Registration Exemption: There will be no public offering of securities in the United States.
The value of the units and the income from them can go down as well as up. Shares do not represent any obligation, contribution or guarantee by Ascendas-FMS as the manager of Ascendas Reit or any of its affiliates. An investment in Shares is subject to investment risks, including the possibility of loss of the amount of capital invested.
Investors should note that they have no right to ask Ascendas-FMS, as the manager of Ascendas Reit, to redeem or buy their shares while the shares are listed on the SGX-ST. It is intended that shareholders of Ascendas Reit may only trade their shares through trading on the SGX-ST. The listing of the Shares on the SGX-ST does not guarantee a liquid market for the Shares.
Past performance of Ascendas Reit is not necessarily a guide to future performance of Ascendas Reit.
2