15. UNITS IN ISSUE
2014
2013
Number of
Units
Number of
Units
Balance as at beginning of year
803,026,588 748,909,649
New Units issued:
– as payment of Manager’s management fees
3,468,568
2,669,258
– as payment of acquisition fee of CapitaMall Grand
Canyon
2,735,125
–
– in connection with preferential offering exercise
completed on 20 November 2013
–
45,413,704
– as payment of distribution under distribution
reinvestment plan
18,887,423
6,033,977
Total issued Units as at end of year
828,117,704 803,026,588
New Units to be issued:
– as payment of Manager’s management fees
844,273
786,472
Total issued and issuable Units as at end of year
828,961,977 803,813,060
Units issued during the year ended 31 December 2014 are as follows:
(a) On 10 February 2014, the Trust issued 2,735,125 new Units at an issue price of $1.3023 per
Unit as payment of the related acquisition fees of CapitaMall Grand Canyon;
(b) On 27 March 2014, the Trust issued 11,408,589 new Units at an issue price of $1.276 per
Unit as payment of distribution under distribution reinvestment plan for the period from
1 July 2013 to 31 December 2013;
(c) On 31 March 2014, the Trust issued 786,472 new Units at an issue price of $1.311 per Unit
as payment of the performance component of the management fee for the period from
1 October 2013 to 31 December 2013;
(d) On 5 June 2014, the Trust issued 933,248 new Units at an issue price of $1.3861 per Unit
as payment of the performance component of the management fee for the period from
1 January 2014 to 31 March 2014;
(e) On 25 September 2014, the Trust issued 7,478,834 new Units at an issue price of $1.617
per Unit as payment of distribution under distribution reinvestment plan for the period from
1 January 2014 to 30 June 2014;
(f) On 29 September 2014, the Trust issued 930,416 new Units at an issue price of $1.4709 per
Unit as payment of the performance component of the management fee for the period from
1 April 2014 to 30 June 2014;
(g) On 25 November 2014, the Trust issued 818,432 new Units at an issue price of $1.5769 per
Unit as payment of the performance component of the management fee for the period from
1 July 2014 to 30 September 2014.
Notes to the Financial Statements
122 | CapitaRetail China Trust Annual Report 2014
