IN RELATION TO THE PROPOSED MERGER OF ESR-REIT AND SABANA SHARI'AH COMPLIANT REAL
ESTATE INVESTMENT TRUST BY WAY OF A TRUST SCHEME OF ARRANGEMENT
DEALINGS DISCLOSURE
-
INTRODUCTION
On 16 July 2020, the respective boards of directors of ESR Funds Management (S) Limited, as manager of ESR-REIT, and Sabana Real Estate Investment Management Pte. Ltd., as manager of Sabana Shari'ah Compliant Real Estate Investment Trust ("Sabana REIT", and the manager of Sabana REIT, the "Sabana Manager"), announced (the "Joint Announcement") the proposed merger (the "Merger") of ESR-REIT and Sabana REIT. The Merger will be effected through the acquisition by RBC Investor Services Trust Singapore Limited (in its capacity as trustee of ESR-REIT) of all the units of Sabana REIT (the "Sabana Units") held by the unitholders of Sabana REIT, in exchange for units in ESR-REIT (the "ESR-REITUnits"), by way of a trust scheme of arrangement in compliance with the Singapore Code on Take-overs and Mergers. Credit Suisse (Singapore) Limited ("CS Singapore") is one of the joint financial advisers to the Sabana Manager in relation to the Merger, the other joint financial adviser being The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch, and CS Singapore is part of Credit Suisse Group AG and its subsidiaries (the "CS Group").
All capitalised terms used and not defined herein shall have the same meanings as ascribed to them in the Joint Announcement. - 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 issued by the Securities Industry Council on 1 February 2018 (the "Practice Statement"), CS Singapore wishes to announce the dealings in relevant securities by CS Singapore and its associates on 3 December 2020.
The resultant holdings in ESR-REIT Units following the transactions on 3 December 2020 is 21,283,945 and the resultant total percentage is 0.5998%1.
Issued by
CREDIT SUISSE (SINGAPORE) LIMITED
4 December 2020
1 The percentage shareholding is computed based on the total issued equity capital of ESR-REIT being 3,548,712,812 ESR-REIT Units, as set out in the announcement dated 26 November 2020 by ESR Funds Management (S) Limited, as manager of ESR-REIT.
DEALINGS ON 3 DECEMBER 2020 | ||||||
Party | Type of | Nature of Investment Clients | Date of | Total | Price Transacted | (In relation to |
Involved | Security | and Nature of Dealing | Dealing | Number of | and (in relation to | transactions involving |
(ESR-REIT | Securities / | transactions | Exempt Principal | |||
Units, | Reference | involving Exempt | Traders) Highest and | |||
Sabana | Securities | Principal Traders) | Lowest Prices Paid | |||
Units, | (as | Total Amount Paid | and/or Received | |||
Convertible | applicable) | and/or Received | ||||
Securities, | ||||||
Options, | ||||||
Warrants or | ||||||
Derivatives) | ||||||
Credit Suisse | Derivatives | Sale of cash settled swap | 3 December | 800 | SGD 0.400 / | Highest: SGD 0.400 and |
AG, Dublin | in respect of | derivative to non-discretionary | 2020 | SGD 320.00 | Lowest: SGD 0.400 | |
branch | ESR-REIT | client in order for client to unwind | ||||
Units | their derivative position with trade | |||||
date 3 December 2020 and | ||||||
settlement date 7 December 2020 | ||||||
("Trade A"). | ||||||
Credit Suisse | ESR-REIT | Purchase of securities from | 3 December | 800 | SGD 0.400 / | Highest: SGD 0.400 and |
(Hong Kong) | Units | previous hedge sale of cash settled | 2020 | SGD 320.00 | Lowest: SGD 0.400 | |
Limited | swap derivative referred to above | |||||
in Trade A. | ||||||
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ESR-REIT published this content on 04 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 December 2020 04:08:05 UTC