CapitaLand Integrated Commercial Trust · SGX:C38U
CapitaLand Integrated Commercial Trust — CapitaMall Trust — Merger or Acquisition (July 2004)
12 slides from CapitaLand Integrated Commercial Trust's merger presentation, Jul 20, 2004
Slide 1: Equity Fund Raising for Acquisition of Plaza Singapura
Equity Fund Raising for Acquisition of Plaza Singapura 20 July 2004 Insert pic of Plaza Sing
Slide 2: Important Notice
Important Notice This material or our presentation is for informational purposes only and should be read in conjunction with the circular issued by the Manager (as manager of CapitaMall Trust (“CMT”)) on 20 July 2004 (“Circular”). The value of units in CMT and the income from them may fall as well a
Slide 3: Plaza Singapura - Financing Structure
Plaza Singapura - Financing Structure i) Equity Fund Raising S$238.14 m 147 mil units at Total Purchase Price S$1.62 per Unit & Expenses Funded by ii) Consideration Units S$238.14 m S$753.28 m1 (147 mil Units) iii) Debt Financing S$277.00 m 1 If any amount of the net proceeds of the Equity Fund Rais
Slide 4: Issue Price of New Units
Issue Price of New Units $1.80 $1.68 $1.70 $1.62 $1.60 -$0.06 $1.50 Price $ $1.40 $1.30 $1.20 $1.10 $1.00 Closing Cumulative Issue Price Distribution Price 19 Jul 2004 & Discount New Units eligible only for distributions on or after day of issue (2 Aug 2004) Deducting Cumulative Distribution of
Slide 5: Attractive Yield with Growth Potential
Attractive Yield with Growth Potential Yield Comparison 6.0% 1 5.7% 1 5.3% 5.0% 4.0% Before PS Yield % 3.5% 3.4% 3.0% After PS 2.5% 2.0% 1.0% 0.6% 0.0% CMT CMT 10 Yr STI Dividend CPF 12 Month Government Yield Fixed Bond Deposit 1 Based on issue pirce of $1.62 and Manager’s assumptions as explained i
Slide 6: Equity Fund Raising Structure
Equity Fund Raising Structure Total New Units = 147 million at S$1.62 per Unit Private Placement 17.3% ATM Preferential Offering Offering 21.1% 61.6% Placement of 147 million New Units via: - Preferential Offering 90.6 m - ATM Offering 31.0 m - Private Placement 25.4 m Fully underwritten by DBS
Slide 7: Preferential Offering
Preferential Offering The Placement 147.0 m Units Preferential Offering ATM Offering Private Placement 90.6 m Units 31.0 m Units 25.4 m Units “1-for-10” Preferential Offering for 90.6 million New Units Offering documents despatched on 20 July 2004 afternoon Singapore Registered Unitholders as
Slide 8: ATM Offering
ATM Offering The Placement 147.0 m Units Preferential Offering ATM Offering Private Placement 90.6 m Units 31.0 m Units 25.4 m Units Public subscription for 31.0 million New Units Available only at DBS & POSB ATMs First-come, first-served Cash and/or CPF funds Existing Unitholders can appl
Slide 9: ATM Offering (Cont'd)
ATM Offering (Cont’d) The Placement 147.0 m Units Preferential Offering ATM Offering Private Placement 90.6 m Units 31.0 m Units 25.4 m Units Application in Multiples of 10 Units Enable existing Unitholders to “round up” Preferential Offering Units New investors who are not currently Unitholders
Slide 10: Private Placement
Private Placement The Placement 147.0 m Units Preferential Offering ATM Offering Private Placement 90.6 m Units 31.0 m Units 25.4 m Units Private Placement to Institutional investors and other investors 10
Slide 11: Key Dates & Time
Key Dates & Time The Placement 147.0 m Units Preferential Offering ATM Offering Private Placement 90.6 m Units 31.0 m Units 25.4 m Units OPENING OPENING OPENING 21 July 2004 21 July 2004 20 July 2004 at 12 noon at 12 noon CLOSING CLOSING CLOSING Form - 27 July 2004 Upon full Expected to be at 4.45pm
Slide 12: Thank You
Cap/taMall P Trust Thank You