Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Singapore
  4. Singapore Stock Exchange
  5. Ascendas Real Estate Investment Trust
  6. News
  7. Summary
    A17U   SG1M77906915

ASCENDAS REAL ESTATE INVESTMENT TRUST

(A17U)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Replace - Extraordinary/ Special General Meeting :: Voluntary

06/16/2021 | 04:46am EDT

(Constituted in the Republic of Singapore

pursuant to a trust deed dated 9 October 2002 (as amended))

ANNOUNCEMENT

RESULTS OF EXTRAORDINARY GENERAL MEETING HELD ON 16 JUNE 2021

Ascendas Funds Management (S) Limited, as manager of Ascendas Real Estate Investment Trust ("Ascendas Reit", and the manager of Ascendas Reit, the "Manager"), wishes to announce that at the Extraordinary General Meeting ("EGM") of holders of units of Ascendas Reit held on 16 June 2021, all resolutions set out in the Notice of EGM dated 31 May 2021, and put to vote by poll at the EGM, were duly passed.

The information as required under Rule 704(16) of the Listing Manual of Singapore Exchange Securities Trading Limited is set out below:

  1. Breakdown of all valid votes cast at the EGM

Resolution number

Total number

For

Against

and details

of units

Number of

As a

Number of

As a

represented by

units

percentage

units

percentage

votes for and

of the total

of the total

against the

number of

number of

relevant

votes for

votes for

resolution

and

and

against the

against the

resolution

resolution

(%)

(%)

Ordinary Resolution 1

To approve the

Proposed Acquisition of

75% of the total issued

1,819,038,302

1,818,583,966

99.98

454,336

0.02

share capital of

Ascendas Fusion 5 Pte.

Ltd. as an Interested

Person Transaction

Ordinary Resolution 2

To approve the

Proposed Issuance of

1,819,038,302

1,818,309,637

99.96

728,665

0.04

Consideration Units

(conditional on the

passing of Ordinary

Resolution 1)

1

Please refer to the Notice of EGM for the full version of the Resolutions.

As more than 50% of votes were cast in favour of Resolution 1, Resolution 1 was duly passed at the EGM.

As more than 50% of votes were cast in favour of Resolution 2, Resolution 2 was duly passed at the EGM.

  1. Details of parties who are required to abstain from voting on any resolution(s), including the number of Units held and the individual resolution(s) on which they are required to abstain from voting
    As set out in paragraph 11 of the Circular, CapitaLand Limited and their associates are required to abstain from voting on Resolution 1 and Resolution 2. Based on the information available to the Manager as at the date of the EGM on 16 June 2021, the following parties are required to abstain and did in fact abstain from voting on Resolution 1 and Resolution 2:

Resolution

Name

Number of Units

As a percentage

number

held

of the total Units

in issue (%)(1)

Ordinary

Ascendas Land International

725,632,766

17.42

Resolution 1

(Investments) Pte. Ltd.

Ascendas Funds Management

25,979

N.M.(2)

(S) Limited

Ordinary

Ascendas Land International

725,632,766

17.42

Resolution 2

(Investments) Pte. Ltd.

Ascendas Funds Management

25,979

N.M.(2)

(S) Limited

Note:

  1. Calculated based on the total number of 4,166,055,368 Units in issue as at 16 June 2021, rounded to the nearest two decimal places.
  2. Not meaningful.

In keeping with good corporate governance practice, Mr Lim Cho Pin Andrew Geoffrey, a Non- Executive Non-Independent Director of the Manager, and Mr William Tay Wee Leong, the Chief Executive Officer and an Executive Non-Independent Director of the Manager, have also voluntarily abstained from voting on the resolution in respect of their respective holdings of Units.

  1. Appointed scrutineer
    DrewCorp Services Pte Ltd was appointed as scrutineer for the EGM.

BY ORDER OF THE BOARD

ASCENDAS FUNDS MANAGEMENT (S) LIMITED (Company Registration No. 200201987K)

As manager of Ascendas Real Estate Investment Trust

Mary Judith de Souza Company Secretary 16 June 2021

2

Important Notice

The past performance of Ascendas Real Estate Investment Trust ("Ascendas Reit") is not indicative of future performance. The listing of the units in Ascendas Reit ("Units") on the Singapore Exchange Securities Trading Limited (the "SGX-ST") does not guarantee a liquid market for the Units. The value of the Units and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, Ascendas Funds Management (S) Limited, as manager of Ascendas Reit (the "Manager") or any of its affiliates. An investment in the Units is subject to investment risks, including the possible loss of the principal amount invested. Investors have no right to request that the Manager redeem or purchase their Units while the Units are listed on the SGX-ST. It is intended that holders of Units may only deal in their Units through trading on the SGX-ST.

This announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Units.

3

Disclaimer

Ascendas Real Estate Investment Trust published this content on 16 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 June 2021 08:45:02 UTC.


ę Publicnow 2021
All news about ASCENDAS REAL ESTATE INVESTMENT TRUST
08/02ASCENDAS REAL ESTATE INVESTMENT TRUS : REIT Books 18% Rise in H1 Distributable I..
MT
08/02ASSET ACQUISITIONS AND DISPOSALS : : Announcement Pursuant To Rule 706a Of The L..
PU
08/02CAPITAL DISTRIBUTION : : Mandatory
PU
08/02CASH DIVIDEND/ DISTRIBUTION : : Mandatory
PU
07/30DISCLOSURE OF INTEREST/ CHANGES IN I : : Change In Interest In Units In Ascendas..
PU
07/30ASCENDAS REAL ESTATE INVESTMENT TRUS : Payment Of Acquisition Fee By Way Of Issu..
PU
07/11ASCENDAS REAL ESTATE INVESTMENT TRUS : REIT Completes Sale of Three Logistics Pr..
MT
07/09ASSET ACQUISITIONS AND DISPOSALS : : Completion Of Divestment Of Three Logistics..
PU
07/09Strategic Industrial Real Estate managed by Arrow Capital Partners completed ..
CI
07/02ASCENDAS REAL ESTATE INVESTMENT TRUS : Minutes Of Extraordinary General Meeting ..
PU
More news
Financials
Sales 2021 1 196 M 884 M 884 M
Net income 2021 598 M 443 M 443 M
Net Debt 2021 5 782 M 4 276 M 4 276 M
P/E ratio 2021 21,9x
Yield 2021 5,05%
Capitalization 13 096 M 9 683 M 9 686 M
EV / Sales 2021 15,8x
EV / Sales 2022 15,1x
Nbr of Employees 67
Free-Float 99,9%
Chart ASCENDAS REAL ESTATE INVESTMENT TRUST
Duration : Period :
Ascendas Real Estate Investment Trust Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ASCENDAS REAL ESTATE INVESTMENT TRUST
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 20
Last Close Price 3,12 SGD
Average target price 3,50 SGD
Spread / Average Target 12,1%
EPS Revisions
Managers and Directors
Wee Leong Tay CEO & Non-Independent Executive Director
Lee Sze Koo Chief Financial Officer
Swan-Gin Beh Chairman
Lawden Tan Head-Investment & Business Development
Peng Ee Chan Lead Independent Non-Executive Director
Sector and Competitors