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NOTICE OF ANNUAL GENERAL MEETINGS
REPORTS
(b)
issue Stapled Securities in pursuance of any Instrument made or granted by
the H-REIT Manager and the HBT Trustee-Manager while this Resolution was in
force (notwithstanding that the authority conferred by this Resolution may have
ceased to be in force),
provided that:
(1)
the aggregate number of Stapled Securities to be issued pursuant to this
Resolution (including Stapled Securities to be issued in pursuance of Instruments
made or granted pursuant to this Resolution), shall not exceed fifty per cent
(50%) of the total number of issued Stapled Securities (excluding treasury
H-REIT Units and treasury HBT Units, if any) (as calculated in accordance with
sub-paragraph (2) below), of which the aggregate number of Stapled Securities
to be issued other than on a
pro rata
basis to Security Holders shall not
exceed twenty per cent (20%) of the total number of issued Stapled Securities
(excluding treasury H-REIT Units and treasury HBT Units, if any) (as calculated
in accordance with sub-paragraph (2) below);
(2)
subject to such manner of calculation as may be prescribed by Singapore
Exchange Securities Trading Limited ("
SGX-ST
") for the purpose of determining
the aggregate number of Stapled Securities that may be issued under sub-
paragraph (1) above, the total number of issued Stapled Securities (excluding
treasury H-REIT Units and treasury HBT Units, if any) shall be based on the
number of issued Stapled Securities (excluding treasury H-REIT Units and
treasury HBT Units, if any) at the time this Resolution is passed, after adjusting
for:
(a)
any new Stapled Security arising from the conversion or exercise of any
Instruments which are outstanding at the time this Resolution is passed;
and
(b)
any subsequent bonus issue, consolidation or subdivision of Stapled
Securities;
(3)
in exercising the authority conferred by this Resolution, the H-REIT Manager
and the HBT Trustee-Manager shall comply with the provisions of the Listing
Manual of SGX-ST for the time being in force (unless such compliance has been
waived by SGX-ST), the Business Trusts Act, Chapter 31A of Singapore for
the time being in force, the trust deed constituting H-REIT (as amended) (the
"
H-REIT Trust Deed
") for the time being in force (unless otherwise exempted
or waived by the Monetary Authority of Singapore) and the trust deed
constituting HBT (as amended) (the "
HBT Trust Deed
") for the time being
in force (unless otherwise exempted or waived by the Monetary Authority of
Singapore);
(4)
(unless revoked or varied by the Security Holders in a general
meeting) the authority conferred by this Resolution shall continue in
force until (i) the conclusion of the next Annual General Meetings of
H-REIT and HBT or (ii) the date by which the next Annual General
Meetings of H-REIT and HBT are required by law to be held, whichever
is earlier;
(5)
where the terms of the issue of the Instruments provide for adjustment to
the number of Instruments or Stapled Securities into which the Instruments
may be converted, in the event of rights, bonus or other capitalisation issues
or any other events, the H-REIT Manager and the HBT Trustee-Manager are
authorised to issue additional Instruments or Stapled Securities pursuant to
such adjustment notwithstanding that the authority conferred by this Resolution
may have ceased to be in force at the time the Instruments are issued; and
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