Notice Of Cessation Of Substantial Shareholding
BackJun 20, 2011
| Part I | ||||||||||||||||||||
| 1. | Date of notice to issuer | 20/06/2011 | ||||||||||||||||||
| 2. | Name of Substantial Shareholder | Mapletree Investments Pte Ltd | ||||||||||||||||||
| 3. | Notice Type | Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. |
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| Part II - Not Required | ||||||||||||||||||||
| Part III | ||||||||||||||||||||
| 1. | Date of change of Deemed Interest | 20/06/2011 | ||||||||||||||||||
| 2. | The change in the percentage level | From 13.99 % To 2.70 % | ||||||||||||||||||
| 3. | Circumstance(s) giving rise to the interest or change in interest | # Others Pursuant to a sale and purchase agreement signed between Mapletree LM Pte Ltd and Bridgewater International Ltd on 20 May 2011, Mapletree LM Pte Ltd contracted to dispose 97,853,918 units in Lippo-Mapletree Indonesia Retail Trust ("LMIRT") to Bridgewater International Ltd, which will reduce its unitholding percentage from 11.72% to 2.7%. The transaction was completed on 20 June 2011. The deemed interests of Mapletree Dextra Pte Ltd (the holding company of Mapletree LM Pte Ltd) through the direct unitholding of Mapletree LM Pte Ltd in LMIRT is accordingly reduced to 2.7% on 20 June 2011. Concurrent with the aforesaid divestment of the units in LMIRT by Mapletree LM Pte Ltd, Mapletree Investments Pte Ltd ("MIPL") has also through its wholly-owned subsidiary divested its 40% shareholding in Lippo-Mapletree Indonesia Retail Trust Management Ltd. In this regard, the deemed interests of MIPL, the holding company of Mapletree Dextra Pte Ltd is also reduced to 2.7% (through the direct unitholding of Mapletree LM Pte Ltd in LMIRT) on 20 June 2011. |
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| 4. | A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: | The change in the percentage level is the result of a series of transactions, details of which are as follows:- Pursuant to a sale and purchase agreement signed between Mapletree LM Pte Ltd and Bridgewater International Ltd on 20 May 2011, Mapletree LM Pte Ltd contracted to dispose 97,853,918 units in Lippo-Mapletree Indonesia Retail Trust ("LMIRT") to Bridgewater International Ltd, which will reduce its unitholding percentage from 11.72% to 2.7%. The transaction was completed on 20 June 2011. The deemed interests of Mapletree Dextra Pte Ltd (the holding company of Mapletree LM Pte Ltd) through the direct unitholding of Mapletree LM Pte Ltd in LMIRT is accordingly reduced to 2.7% on 20 June 2011. Concurrent with the aforesaid divestment of the units in LMIRT by Mapletree LM Pte Ltd, Mapletree Investments Pte Ltd ("MIPL") has also through its wholly-owned subsidiary divested its 40% shareholding in Lippo-Mapletree Indonesia Retail Trust Management Ltd. In this regard, the deemed interests of MIPL, the holding company of Mapletree Dextra Pte Ltd is also reduced to 2.7% (through the direct unitholding of Mapletree LM Pte Ltd in LMIRT) on 20 June 2011. | ||||||||||||||||||
| Part IV | ||||||||||||||||||||
| 1. | Holdings of Substantial Shareholder, including direct and deemed interest : | |||||||||||||||||||
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