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: IREIT Global’s fourth-largest tenant to terminate lease early, pays termination fee of €2.87 mil
Units in CLAR closed 1 cent lower, or down 0.39%, at $2.58 on April 17.
