PROPOSED SCHEME OF ARRANGEMENT INVOLVING CAPITALAND LIMITED

DEALINGS DISCLOSURE

1. INTRODUCTION

J.P. Morgan (S.E.A.) Limited ("JPMSEAL") refers to:

  1. the proposed scheme of arrangement (the "Scheme") to be undertaken by CapitaLand Limited (the "Company") and CLA Real Estate Holdings Pte. Ltd. (the "Offeror") pursuant to
    Section 210 of the Companies Act, Chapter 50 of Singapore;
  2. the proposed tender offers to be undertaken by the Company, to the bondholders of the
    Company (the "Bondholders") for the outstanding convertible bonds of the Company (the "Convertible Bonds", and such tender offers, the "Tender Offers"); and
  3. the proposed offers to be undertaken by the Offeror, to the Bondholders for the outstanding Convertible Bonds, in accordance with Rule 19 of the Singapore Code on Take- overs and Mergers (the "Code", and such offers, the "Convertible Bonds Offers"),

which were announced on 22 March 2021 (the "Joint Announcement").

As stated at paragraph 8.1 of the Joint Announcement, JPMSEAL is the financial adviser to the Company in respect of the Scheme.

All capitalised terms used and not defined herein shall have the same meanings given to them in the Joint Announcement.

2. DISCLOSURE OF DEALINGS

Pursuant to Rule 12.1 of the Code and the Practice Statement on the Exemption of Connected Fund Managers and Principal Traders under the Code, JPMSEAL wishes to announce the dealings by its associates (the "Relevant Entities") in the relevant securities of the Company on 15 July 2021, details of which are set out in the Schedule hereto.

Issued by

J.P. Morgan (S.E.A.) Limited

16 July 2021

Singapore

Schedule

Dealing

in Shares

Name of Relevant Entity

Total

Resultant Total

% of

Highest and

Amount

of Equivalent

Resultant

Date of

and (if different) name of

Description of

Number

Price

Nature of Transaction

Lowest Prices Paid

(Paid)/

Shares owned

Total of

Dealing

the ultimate beneficial

Security

of Shares

(SGD)

or Received (SGD)

(Received)

or controlled by

Equivalent

owner or controller

(SGD)

the associate

Shares

Buy/Sell

Product Type

Nature of

Highest

Lowest

Dealing

15-Jul-21

J.P. MORGAN SECURITIES

CAPITALAND LTD

Sell

Common Shares

Index hedge

(115,200)

3.79

3.79

3.79

436,433.36

9,531,298

0.18%

PLC (dealing as principal)

15-Jul-21

J.P. MORGAN SECURITIES

CAPITALAND LTD

Buy

Common Shares

Swap Hedge

2,900

3.79

3.80

3.79

10,996.39

9,534,198

0.18%

PLC (dealing as principal)

15-Jul-21

J.P. MORGAN SECURITIES

CAPITALAND LTD

Sell

Common Shares

ETF

(37,800)

3.79

3.79

3.79

143,262.00

9,496,398

0.18%

PLC (dealing as principal)

Redemption

15-Jul-21

J.P. MORGAN SECURITIES

CAPITALAND LTD

Buy

Common Shares

ETF Creation

1,800

3.79

3.79

3.79

6,824.00

9,498,198

0.18%

PLC (dealing as principal)

15-Jul-21

J.P. MORGAN SECURITIES

CAPITALAND LTD

Buy

Common Shares

ETF Creation

37,800

3.79

3.79

3.79

143,262.00

9,535,998

0.18%

PLC (dealing as principal)

15-Jul-21

J.P. MORGAN SECURITIES

CAPITALAND LTD

Buy

Common Shares

ETF Creation

23,200

3.79

3.79

3.79

87,940.99

9,559,198

0.18%

PLC (dealing as principal)

15-Jul-21

J.P. MORGAN SECURITIES

CAPITALAND LTD

Buy

Common Shares

ETF Creation

37,800

3.79

3.79

3.79

143,262.00

9,596,998

0.18%

PLC (dealing as principal)

15-Jul-21

J.P. MORGAN SECURITIES

CAPITALAND LTD

Sell

Common Shares

ETF

(1,800)

3.79

3.79

3.79

6,824.00

9,595,198

0.18%

PLC (dealing as principal)

Redemption

15-Jul-21

J.P. MORGAN SECURITIES

CAPITALAND LTD

Sell

Common Shares

ETF

(37,800)

3.79

3.79

3.79

143,262.00

9,557,398

0.18%

PLC (dealing as principal)

Redemption

15-Jul-21

J.P. MORGAN SECURITIES

CAPITALAND LTD

Sell

Common Shares

ETF

(23,200)

3.79

3.79

3.79

87,940.99

9,534,198

0.18%

PLC (dealing as principal)

Redemption

Dealings in

Derivatives in

respect of

Shares

Name of Relevant Entity and (if

Number of Shares

Closing Out

Total Amount

Description of

Maturity

Reference

(Paid)/

Date of Dealing

different) name of the ultimate

Nature of Transaction

to which the

Date (if

Security

(Date)/ (Period)

Price (SGD)

(Received)

beneficial owner or controller

Derivatives relate

applicable)

(SGD)

Buy/Sell

Product

Nature of

Type

Dealing

15-Jul-21

J.P. MORGAN SECURITIES PLC

CAPITALAND LTD

Sell

Common

Swap

(2,900)

8-Feb-23

-

3.79

10,998.54

(dealing as principal)

Shares

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Capitaland Ltd. published this content on 16 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 July 2021 05:28:03 UTC.