Key Milestones in 2009
Roof garden with playground at Lot One Shoppers' Mall
January
CMT's distributable income exceeded distribution forecast1 for the period 1 October 2008 to 31 December 2008 by 2.0%.
February
Moody's Investors Service affirmed CMT's A2 corporate family rating and A3 senior unsecured debt rating.
CMT paid a distribution per unit of 3.65 cents to Unitholders for the period 1 October 2008 to 31 December 2008.
April
CMT issued 1,502,358,923 rights units through an underwritten renounceable 9-for-10 rights issue that was 1.16 times over-subscribed. The exercise raised net proceeds of approximately S$1.2 billion.
CMT's distributable income for the period 1 January 2009 to 31 March 2009 was 8.0% higher than that for the period 1 January 2008 to 31 March 2008.
CMT won a Gold award for ‘Best Annual Report - REITs & Business Trusts' at the Singapore Corporate Awards 2009.
May
Lot One Shoppers' Mall saw the completion of asset enhancement works.
CMT paid a distribution per unit of 1.97 cents to Unitholders for the period 1 January 2009 to 31 March 2009.
July
CMT's distributable income for the period 1 April 2009 to 30 June 2009 was 15.8% higher than that for the period 1 April 2008 to 30 June 2008.
August
Rivervale Mall saw the completion of asset enhancement works.
CMT paid a distribution per unit of 2.13 cents to Unitholders for the period 1 April 2009 to 30 June 2009.
September
CapitaMall Trust Management Limited (CMTML) announced the appointment of Simon Ho Chee Hwee as Deputy Chief Executive Officer with effect from 1 September 2009.
October
Raffles City Shopping Centre clinched the Silver Award for Development and Design (Renovation or Expansion of an Existing Project) from the International Council of Shopping Centers (ICSC) Asia.
CMT took the runner-up award for ‘Most Transparent Company' (REITs category) at the Securities Investors Association Singapore (SIAS) Investors' Choice Awards 2009.
CMT's distributable income for the period 1 July 2009 to 30 September 2009 was 23.3% higher than that for the period 1 July 2008 to 30 September 2008.
Roof garden with playground at Lot One Shoppers' Mall
November
CMTML announced the resignation of Lim Beng Chee as Chief Executive Officer with effect from 25 November 2009. He remains a Director and a member of the Executive Committee of CMTML. Concurrently, CMTML announced the resignation of Simon Ho Chee Hwee as Deputy Chief Executive Officer and his appointment as Chief Executive Officer and Director of CMTML with effect from 25 November 2009. CMTML also announced the appointment of Jesline Goh Hwee Peng as Deputy Chief Executive Officer of CMTML with effect from 25 November 2009.
CMT paid a distribution per unit of 2.35 cents to Unitholders for the period 1 July 2009 to 30 September 2009.
CMT commenced asset enhancement works to re-configure the Basement 1 space of Raffles City Singapore and construct a new underground link at Basement 2.
CMT commenced asset enhancement works for Jurong Entertainment Centre.
December
CMT clinched a Certificate of Excellence at the Investor Relations (IR) Magazine Awards 2009 (South East Asia).
CMT MTN Pte. Ltd., a wholly-owned subsidiary of CMT, increased the limit of the S$1.0 billion Multicurrency Medium Term Note Programme to S$2.5 billion.
1 Based on forecast, together with accompanying assumptions shown in announcement of CMT on 22 January 2008 (in respect of malls held by CMT), as well as the forecast, together with accompanying assumptions shown in the joint announcement with CapitaCommercial Trust on 9 June 2008 (in respect of Raffles City Singapore Trust).