SGX-ST Announcement

RESULTS OF ANNUAL GENERAL MEETING HELD ON 29 OCTOBER 2024

Unless otherwise defined, capitalised terms used herein shall have the same meanings ascribed to them in the Notice of Annual General Meeting dated 24 September 2024 (the “Notice of AGM“) and the Letter to Unitholders dated 24 September 2024.

YTL Starhill Global REIT Management Limited, as manager (the “Manager“) of Starhill Global Real Estate Investment Trust (“Starhill Global REIT“), wishes to announce that at the Annual General Meeting (“AGM“) of Starhill Global REIT held on 29 October 2024, all the resolutions set out in the Notice of AGM and put to vote by poll at the meeting, were duly passed.

DrewCorp Services Pte Ltd was appointed as the scrutineer at the AGM for the purpose of the poll.

The results of the poll on each of the resolutions put to vote at the AGM are set out below for information:

For

Against

Resolution number

Total no. of

No. of Units

As a

No. of Units

As a

and details

Units

percentage

percentage

represented by

of total no.

of total no.

votes for and

of votes for

of votes for

against the

and against

and against

relevant

the

the

resolution

resolution

resolution

(%)

(%)

Ordinary Business

1.

Adoption of the Trustee’s

Report, the Manager’s

Statement, the Audited

Financial Statements of

Starhill Global REIT for

1,189,675,591

1,189,071,982

99.95

603,609

0.05

the financial year ended

30 June 2024 and the

Auditors’ Report thereon.

(Ordinary Resolution 1)

1

2.

Re-appointment of

Auditors and authorisation

of the Manager to fix the

1,189,456,285

1,176,953,541

98.95

12,502,744

1.05

Auditors’ remuneration.

(Ordinary Resolution 2)

3.

To re-endorse the

appointment of Tan Sri

(Sir) Francis Yeoh as

1,189,435,299

1,141,968,755

96.01

47,466,544

3.99

Director.

(Ordinary Resolution 3)

4.

To re-endorse the

appointment of Mr Ho

Sing as Director.

1,188,569,185

1,174,619,153

98.83

13,950,032

1.17

(Ordinary Resolution 4)

5.

To endorse the

appointment of Mr Yeoh

Keong Shyan as Alternate

Director to Tan Sri (Sir)

1,188,383,341

1,164,312,511

97.97

24,070,830

2.03

Francis Yeoh.

(Ordinary Resolution 5)

Special Business

6.

Authority to issue Units

and to make or grant

convertible instruments.

1,188,168,766

1,171,029,546

98.56

17,139,220

1.44

(Ordinary Resolution 6)

7.

To approve the Unit Buy-

Back Mandate.

1,187,276,618

1,186,734,707

99.95

541,911

0.05

(Ordinary Resolution 7)

Mr Ho Sing has an interest in 150,000 Units and has abstained from voting on Resolution 4.

YTL Starhill Global REIT Management Limited (Company registration no. 200502123C)

(as Manager of Starhill Global Real Estate Investment Trust)

Ivy Soh

Joint Company Secretary

Singapore

29 October 2024

About Starhill Global REIT

Starhill Global REIT is a Singapore-based real estate investment trust investing primarily in real estate used for retail and office purposes, both in Singapore and overseas. Since its listing on the Mainboard of the Singapore Exchange Securities Trading Limited (the “SGX-ST“) on 20 September 2005, Starhill Global REIT has grown its initial portfolio from interests in two landmark properties on Orchard Road in Singapore to nine properties in Singapore, Australia, Malaysia, Japan and China, valued at about S$2.8 billion.

These comprise interests in Wisma Atria and Ngee Ann City on Orchard Road in Singapore; Myer Centre Adelaide, David Jones Building and Plaza Arcade in Adelaide and Perth, Australia; The Starhill and Lot 10 Property in Kuala Lumpur, Malaysia; a property in Tokyo, Japan and a retail property in Chengdu, China. Starhill Global REIT remains focused on sourcing attractive property assets in Singapore and overseas, while driving organic growth from its existing portfolio, through proactive leasing efforts and creative asset enhancements.

Starhill Global REIT is managed by an external manager, YTL Starhill Global REIT Management Limited, of which all of its shares are indirectly held by YTL Corporation Berhad.

Important Notice

The value of units in Starhill Global REIT (“Units“) and the income derived from them may fall as well as rise. Units

are not obligations of, deposits in, or guaranteed by, the Manager, HSBC Institutional Trust Services (Singapore) Limited (in its capacity as trustee of Starhill Global REIT), or any of their affiliates. An investment in Units is subject to investment risks, including possible delays in repayment, loss of income or principal invested. The Manager and its affiliates do not guarantee the performance of Starhill Global REIT or the repayment of capital from Starhill Global REIT or any particular rate of return. Unitholders have no right to request the Manager to redeem or purchase their Units for so long as the Units are listed on the SGX-ST.

It is intended that Unitholders may only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units. This document is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Units. The past performance of Starhill Global REIT is not indicative of the future performance of Starhill Global REIT. Similarly, the past performance of the Manager is not indicative of the future performance of the Manager.

This document may contain forward-looking statements that involve assumptions, risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, outbreak of contagious diseases or pandemic, interest rate and foreign exchange trends, cost of capital and capital availability, competition from other developments or companies, shifts in expected levels of occupancy rate, property rental income, charge out collections, changes in operating expenses (including employee wages, benefits and training costs), governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business. Investors are cautioned not to place undue reliance on these forward-looking statements, which are based on the

Manager’s current view on future events.

Attachments


  • Original document

  • Permalink

Disclaimer

Starhill Global Real Estate Investment Trust published this content on October 30, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on October 30, 2024 at 02:26:02.290.