(Unless stated otherwise, definitions used in this announcement shall carry the same meanings as defined in the announcement dated 22 January 2013 in relation to the Proposals).
We refer to the announcements dated 22 January 2013 and 23 January 2013 in relation to the Proposed Authority.
1. SC’S APPROVAL
On behalf of the Board of Directors of the Manager, the Joint Principal Advisers are pleased to announce that in respect of the Proposed Authority, the SC has vide its letter dated 22 March 2013 (“SC’s Approval”), which was received on 25 March 2013, and approved:
(a) the issuance of up to 353,607,640 new Units; and
(b) the listing and quotation of up to 353,607,640 new Units on the Main Market of Bursa Securities.
Pursuant to the SC’s Approval, CMMT’s approved fund size is increased accordingly from 1,936,763,000 Units to 2,290,370,640 Units.
2. TERMS AND CONDITION OF THE SC’S APPROVAL
The SC’s Approval is subject to the following terms and condition.
(a) The requirements under Paragraph 14.03 of the REITs Guidelines must be fully complied with for the issuance of the new Units; and
(b) The duration of the General Mandate authorizing the issuance of the new Units shall be effective from the date of receipt of all relevant authorities’ approvals or the date the unit holders of CMMT pass the ordinary resolution for the General Mandate at its AGM, whichever may be later, until:
(i) the conclusion of the next AGM of the unit holders, at which time it shall lapse, unless the General Mandate is renewed by unit holders; or
(ii) the expiration of the period within which the next AGM of the unit holders is required by law to be held; or
(iii) the General Mandate is revoked or varied by the unit holders at an earlier unit holders’ meeting;
whichever occurs first.
The Manager or its adviser are required to inform the SC of the following, prior to the listing and quotation of the new Units:
(a) the actual number of units issued;
(b) the date of issuance of the units; and
(c) the date of listing and quotation of the units on the Main Market of Bursa Securities.
3. SUBMISSION OF ADDITIONAL LISTING APPLICATION
Under the Proposed Authority, in the event the Manager decides to issue new CMMT units, it will result in the listing of and quotation for up to 353,607,640 new units to be issued on the Main Market of Bursa Securities.
In this regard, on behalf of the Board of Directors of the Manager, the Joint Principal Advisers wish to also announce that the additional listing application to Bursa Securities for the listing of and quotation for up to 353,607,640 new Units to be issued pursuant to the Proposed Authority, on the Main Market of Bursa Securities was submitted today.
This announcement is dated 25 March 2013.