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Close Of Private Placement Of 94,787,000 new Units In Ascott Residence Trust ("Ascott REIT") At An Issue Price Of S$1.055 Per New Unit

BackMar 15, 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 15, 2016 7:18
Submitted By Kang Siew Fong / Regina Tan
Joint Company Secretaries, Ascott Residence Trust Management Limited
Description Close of private placement of 94,787,000 new units in Ascott Residence Trust to institutional and other investors at an issue price of S$1.055 per new unit to raise gross proceeds of approximately 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

Attachments

  1. Attachment 1 (Size: 152,114 bytes)