|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|