Cambridge – SGX
ISSUE OF 276,973,000 NEW UNITS IN CAMBRIDGE INDUSTRIAL TRUST
Issue of 276,973,000 New Units
Further to its announcement on 2 October 2007 in relation to the launch of the Global Offering, Cambridge Industrial Trust Management Limited, as manager (the “Manager”) of Cambridge Industrial Trust (“CIT”), wishes to announce that it has today issued 276,973,000 new Units (the “New Units”) in CIT. With this issue of 276,973,000 New Units, the total number of units in CIT in issue is 792,278,653(1). The New Units will commence trading on the Main Board of the Singapore Exchange Securities Trading Limited at 2.00 p.m. on 18 October 2007.
Status of the New Units
The New Units will, upon issue, rank pari passu in all respects with the units in issue on 17 October 2007, being the day immediately prior to the date on which the New Units are issued, including the right to any distributions which may be paid for the period from 18 October 2007 to 31 December 2007 as well as all distributions thereafter.
(1) This includes the 801,493 new Units which were issued to the Manager on 12 October 2007 as settlement of 97% of the base fee element of the management fee payable to the Manager in respect of the initial portfolio of CIT comprising 27 properties from 1 July 2007 to 30 September 2007.
Source : SGX