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CDL
HOSPITALITY TRUSTS
All Stapled Securities Holders are entitled to attend and vote at general meetings in person
or by proxy. The rules including the voting procedures are set out in the notice of general
meetings. In accordance with the H-REIT Trust Deed and HBT Trust Deed, Stapled Securities
Holders may appoint one or 2 proxies to attend and vote at general meetings in their absence.
The proxy forms must be deposited with the H-REIT Manager and HBT Trustee-Manager not
less than forty-eight (48) hours before the time set for the general meetings.
As it is logistically challenging to allow corporations providing nominee or custodial services to
appoint more than 2 proxies, the H-REIT Manager and the HBT Trustee-Manager have decided
not to implement the same for the time being.
Principle 15: Communication with Stapled Securities Holders
The H-REIT Manager and the HBT Trustee-Manager ensure that Stapled Securities Holders are
notified of all material information in an accurate and timely manner. The H-REIT Manager and
the HBT Trustee-Manager notify their investors in advance of the date of release of the financial
results of the H-REIT Group, the HBT Group and the Stapled Group via SGXNET. The quarterly
and full year financial results of the H-REIT Group, the HBT Group and the Stapled Group are
announced within the mandatory period. The financial statements of the H-REIT Group, the HBT
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 Stapled Securities Holders receive the annual report of CDLHT
and the Notice of AGM of Stapled Securities Holders, which notice is also advertised in the press
and released via SGXNET. Stapled Securities Holders and investors can access information on
CDLHT at its website at
which provides, inter alia, corporate announcements,
press releases and the latest financial results as disclosed by CDLHT on SGXNET.
From time to time, the Management of the H-REIT Manager and the HBT Trustee-Manager
hold briefings with analysts and the media to coincide with the release of CDLHT’s quarterly
and full year financial results. Media presentation slides are also released on SGXNET and
made available on the CDLHT’s 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.
H-REIT’s current distribution policy is to distribute at least 90.0% of its taxable income and its
tax exempt income (if any), with the actual level of distribution to be determined at the H-REIT
Manager’s discretion. H-REIT makes distributions to unitholders on a semi-annual basis, with
the amount calculated as at 30 June and 31 December each year for the six-month period
ending on each of the said dates. Distributions, when paid, will be in Singapore Dollars. HBT has
not made any distribution and the determination to distribute and the quantum of distributions
will be made by the HBT Trustee-Manager Board at its sole discretion.
Principle 16: Conduct of General Meetings of Stapled Securities Holders
At general meetings, Stapled Securities Holders are given the opportunity to communicate
their views and encouraged to ask the H-REIT Manager Board and the HBT Trustee-Manager
Board and the Management questions regarding matters affecting H-REIT and HBT. The
chairmen of the AC and RMC and the external auditors were present at the last AGMs, and
would, together with the Lead ID, endeavour to be present at the 2015 AGMs to assist the
H-REIT Manager Board and the HBT Trustee-Manager Board in addressing queries raised by
the Stapled Securities Holders.
CORPORATE GOVERNANCE
Guideline 15.4
(b) Is this done by a
dedicated investor
relations team (or
equivalent)? If not, who
performs this role?
Yes, the H-REIT
Manager and HBT
Trustee-Manager have
management who are
responsible for providing
investor relations
support. Please refer to
the Management Team
on page 30 of the Annual
Report 2014.
Guideline 15.4
(c) How does the Company
keep shareholders
informed of corporate
developments, apart from
SGXNET announcements
and the annual report?
Please refer to the
explanation under
“Principle 15:
Communication with
Stapled Securities
Holders.”
Guideline 15.5
If the Company is not
paying any dividends for
the financial year, please
explain why.
Please refer to the
third paragraph
under “Principle 15:
Communication with
Stapled Securities
Holders.”
