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annual report 2012
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COMMUNICATION WITH SECURITY HOLDERS
Principle 14: Communication with Security Holders
The H-REIT Manager announces the quarterly and full year fnancial results of the H-REIT Group and the
Stapled Group within the mandatory period. The fnancial statements of the H-REIT Group and the
Stapled Group and other presentation materials presented at general meetings, including material and
price-sensitive information, are disseminated and publicly released via SGXNET on a timely basis. All
Security Holders receive the annual report of CDL Hospitality Trusts and the Notice of annual general
meetings of Security Holders, which notice is also advertised in the press and released via SGXNET.
Security Holders and investors can access information on CDL Hospitality Trusts at its website at
www.cdlht.com which provides, inter alia, corporate announcements, press releases and the latest fnancial
results as disclosed by CDL Hospitality Trusts on SGXNET.
From time to time, the Management of the H-REIT Manager holds briefngs with analysts and the media to
coincide with the release of CDL Hospitality Trusts’ quarterly and full year fnancial results. Media presentation
slides are also released on SGXNET and available on the CDL Hospitality Trusts’ website. In addition, the
Management takes an active role in investor relations, meeting local and foreign fund managers regularly as
well as participating in roadshows and conferences both locally and overseas.
Principle 15: Greater Participation of Security Holders
At annual general meetings, Security Holders are given the opportunity to communicate their views and
encouraged to ask the H-REIT Manager Board and the Management questions regarding matters afecting
H-REIT. The chairmen of the AC and RMC and the external auditors were present at the last annual general
meetings, and would, together with the Lead ID, endeavour as far as reasonably practicable to be present
at the 2013 annual general meetings to address, and assist the H-REIT Manager Board in addressing queries
raised by the Security Holders.
In accordance with the H-REIT Trust Deed, Security Holders may appoint one or two proxies to attend and vote
at the general meetings in their absence. All Security Holders are allowed to vote in person or by proxy. As the
authentication of a Security Holder’s identity information and other related integrity issues still remain a concern,
the H-REIT Manager has decided, for the time being, not to implement voting by the Security Holders in absentia
by mail or electronic means.
Separate resolutions on each substantial issue are put to vote at the general meetings. Detailed information on
each item in the agenda of the general meetings is in the explanatory notes to the Notice of the general meetings.
The H-REIT Manager also maintains minutes of the general meetings, which includes the key comments and
queries raised by Security Holders and the responses from the H-REIT Manager Board, Management, and/or
the external auditors.
Proxy votes received in connection with the resolutions set out in the notice of general meetings are also
released in an announcement after the said meetings.
STATEMENT OF POLICIES AND PRACTICES
As HBT has been dormant, the HBT Trustee-Manager has not prepared a statement of policies and practices in
relation to the management and governance of HBT (as described in section 87(1) of the Business Trusts Act,
Chapter 31A of Singapore), but will do so upon HBT becoming active.
Corporate Governance