The manager of CapitaLand Ascendas REIT (SGX:A17U
) (CLAR) says that it received valid acceptance and excess application for a total of 315,395,845 preferential offering units on April 15.
Valid acceptances and excess applications stood at 96,136,788 and 219,259,057 preferential offering units, or 74.45% and 169.79% respectively.
CLAR mentions that the allotment of excess preferential offering units will be given to the rounding of odd lots.
According to the manager, pursuant to the undertaking provided by CLI RE Fund Investments Pte Ltd (CLIRE) and CapitaLand Ascendas REIT Management Limited (CLARML), both entities accepted in full their respective provisional allotments of an aggregate of 21,838,011 preferential offering units and 83,639 preferential offering units respectively.
Immediately after the preferential offering, CLIRE and CLARML will respectively own 801,766,980 units and 2,979,661 units, representing approximately 16.07% and 0.06% respectively of the total number of units issued after the listing and quotation of the preferential offering units.
CLAR’s preferential offering units are expected to be listed and quoted on SGX’s Mainboard with effect from 9.00 a.m. on April 23.
See also: LREIT issues $120 mil worth of perpetual securities with 4.28% rate
Units in CLAR closed 1 cent lower, or down 0.39%, at $2.58 on April 17.
