161 Annual Report 2024 19 UNITS IN ISSUE Group and Trust 2024 2023 ’000 ’000 Units in issue: At 1 January 6,657,723 6,635,122 Units created: – management fees paid(a) 22,836 22,601 – acquisition fees paid(b) 9,042 – – distribution reinvestment plan(c) 59,828 – – private placement(d) 171,737 – – preferential offering(e) 377,304 – Total issued units at 31 December 7,298,470 6,657,723 Units to be issued: – payment of management fees 15,637 14,019 Total issued and issuable units at 31 December 7,314,107 6,671,742 Units issued during the year were as follows: (a) 22,835,333 (2023: 22,601,089) Units were issued at issue price of $1.9504 to $2.1252 (2023: $1.8662 to $2.017) per Unit, amounting to $45,883,905 (2023: $44,642,942) issued as payment of the 50.0% base component of the management fee for the period from 1 October 2023 to 30 September 2024 (2023: 1 October 2022 to 30 September 2023) and 50.0% of the performance component of the management fee for the period from 1 January 2023 to 31 December 2023 (2023: 1 January 2022 to 31 December 2022). The remaining 50.0% base component, and 50.0% performance component, of the management fee will be paid in cash. (b) 9,041,779 Units were issued at issue price of $2.0632 on 27 November 2024 as payment for the acquisition fee of $18,655,000 in respect of the acquisition of CRSI, which holds an indirect 50.0% interest in ION Orchard and ION Orchard Link. (c) 59,828,333 (2023: Nil) Units were issued at issue price of $1.9308 on 28 March 2024 pursuant to The Trust’s Distribution Reinvestment Plan in respect of the distribution of 5.45 cents per Unit for the period from 1 July 2023 to 31 December 2023. (d) 171,737,000 Units were issued pursuant to the private placement at an issue price of $2.04 per unit on 12 September 2024. (e) 377,303,974 Units were issued pursuant to the preferential offering at an issue price of $2.007 per unit on 2 October 2024.
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