News

Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest

BackApr 12, 2011
Part I
1. Date of notice to issuer 12/04/2011
2. Name of Substantial Shareholder Jurong Town Corporation ("JTC")
3. Notice Type Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest.
Part II - Not Required
Part III
1. Date of change of Deemed Interest 11/04/2011
2. The change in the percentage level From 20.66 % To 18.79 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

i. The change in the deemed interest was due to the issuance of 206,186,000 new units on 11 April 2011 pursuant to a private placement.

ii. Pursuant to the issuance of 206,186,000 new units by a private placement on 11 April 2011, the total number of units in A-REIT in issue has increased from 1,874,292,935 to 2,080,478,935.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: The change in the percentage level is the result of a series of transactions referred to in Part III (3) above.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 386,563,023
As a percentage of issued share capital 0 % 20.66 %
No. of shares held after the change 0 390,935,901
As a percentage of issued share capital 0 % 18.79 %
Footnotes A. Where reference is made to shares, it refers to units in Ascendas Real Estate Investment Trust ("A-REIT").

B. The percentages before the change were computed based on 1,869,920,057 units in issue as at 20 August 2009 (the date of the last notice of change in interest).

C. The percentages after the change were computed based on 2,080,478,935 units in issue as at 11 April 2011.

D. Pursuant to section 7 of the Singapore Companies Act, Cap. 50, JTC is deemed to be interested in the units held by Ascendas Land (Singapore) Pte Ltd and Ascendas Funds Management (S) Limited.