Placements::Launch Of Placement To Raise Gross Proceeds Of No Less Than S$100 Million
Issuer & Securities
Issuer/ Manager
ASCOTT RESIDENCE TRUST MANAGEMENT LIMITED
Securities
ASCOTT RESIDENCE TRUST - SG1T08929278 - A68U
Stapled Security
No
Announcement Details
Announcement Title
Placements
Date &Time of Broadcast
14-Mar-2016 18:17:52
Status
New
Announcement Sub Title
Launch Of Placement To Raise Gross Proceeds Of No Less Than S$100 Million
Announcement Reference
SG160314OTHRCWB0
Submitted By (Co./ Ind. Name)
Kang Siew Fong / Regina Tan
Designation
Joint Company Secretaries, Ascott Residence Trust Management Limited
Description (Please provide a detailed description of the event in the box below)
Launch of private placement of 94,787,000 new units in Ascott Residence Trust to institutional and other investors at an issue price of between S$1.055 and S$1.085 per new unit to raise gross proceeds of no less than S$100.0 million.
Please refer to the attached announcement for further details.
Additional Details
Capital Amount-Old
SGD 1,754,115,230
Capital Amount-New
SGD 1,854,115,230
No. of Existing Outstanding Shares
1,552,314,363
New Shares Issued
94,787,000
Offer Price
SGD 1.055
Attachments
Launch of Private Placement_14Mar16.pdf
Total size =176K
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