The transactions entered into with interested persons during the financial year, which fall under the
Listing Manual and the Property Funds Appendix of the CIS Code (excluding transactions of less than
$100,000 each), are as follows:
Name of Interested Persons
Aggregate value of all
interested person
transactions during the
financial year under review
(excluding transactions of
less than S$100,000 and
transactions conducted
under shareholder’s
mandate pursuant to
Rule 920)
S$’000
Aggregate value of all
interested person
transactions during the
financial year under review
under shareholder’s
mandate pursuant to
Rule 920 (excluding
transactions less than
S$100,000)
S$’000
CapitaLand Limited and its subsidiaries or associates
– Management fees
1
10,822
–
– Property management fees
(including reimbursables)
10,302
–
HSBC Institutional Trust Services (Singapore) Limited
Trustee’s fees
362
–
1 For the purposes of Rule 907 of the Listing Manual of the SGX-ST, in arriving at this figure, the market price of the units (being
the closing price of the units traded on the SGX-ST on the relevant date of issue of the units) issued to the Manager for its
management fees, was used to determine the amount of the aggregate asset management fees paid to the Manager for the
period from 1 January 2014 to 31 December 2014.
Saved as disclosed above, there were no additional Interested Person Transactions (excluding
transactions of less than S$100,000 each) entered into during the financial period under review.
The fees and charges payable by CRCT to the Manager under the Trust Deed, and to the Property
Managers under the Property Management Agreements (collectively, the “Exempted Agreements”),
each of which constitutes a Interested Person Transaction, are deemed to have been specifically
approved by the Unitholder upon purchase of the Units and are therefore not subject to Rules 905
and 906 of the Listing Manual to the extent that there is no subsequent change to the rates and/or
bases of the fees charged thereunder which will affect CRCT. However, the renewal of such
agreements will be subject to Rules 905 and 906 of the Listing Manual.
Please also see Related Party Transactions on note 23 in the financial statements.
SUBSCRIPTION OF CRCT UNITS
An aggregate of 3,468,568 Units were issued in relation to the performance component of the
Manager’s management fee paid during the year. As at 31 December 2014, 828,961,977 Units were
in issue and outstanding. In the first quarter of 2015, 844,273 Units will be issued to the Manager as
part payment of the performance component of its management fee for the fourth quarter of 2014.
Interested Person Transactions
Delivering Performance | 147
