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EC World Real Estate Investment Trust ANNUAL REPORT 2016
NOTICE OF
ANNUAL GENERAL MEETING
EC WORLD REAL ESTATE INVESTMENT TRUST
(Constituted in the Republic of Singapore
pursuant to a trust deed dated 5 August 2015 (as amended))
NOTICE IS HEREBY GIVEN that the First Annual General Meeting (“
AGM
”) of the holders of units of EC World Real
Estate Investment Trust (“
EC World REIT
”, and the holders of units of EC World REIT, the “
Unitholders
”) will be held at
Maxwell Chambers, 32 Maxwell Road, #03-01, Singapore (069115)
on Friday, 21 April 2017 at 10:00 a.m. to transact
the following business:
(A) AS ORDINARY BUSINESS
1.
To receive and adopt the Report of DBS Trustee Limited, as trustee of EC World REIT (the
“
Trustee
”), the Statement by EC World Asset Management Pte. Ltd., as manager of EC World
REIT (the “
Manager
”) and the Audited Financial Statements of EC World REIT for the financial
year ended 31 December 2016 together with the Auditors’ Report thereon.
(Ordinary
Resolution 1)
2.
To re-appoint PricewaterhouseCoopers LLP as Auditors of EC World REIT and to hold office
until the conclusion of the next AGM and to authorise the Manager to fix their remuneration.
(Ordinary
Resolution 2)
(B) AS SPECIAL BUSINESS
To consider and if thought fit, to pass, with or without any modifications, the following resolution
as an Ordinary Resolution:
3.
GENERAL MANDATE FOR THE ISSUE OF NEW UNITS AND/OR CONVERTIBLE SECURITIES
That authority be given to the Manager to
(a) (i)
issue units in ECWorld REIT (“
Units
”) whether by way of rights, bonus or otherwise;
and/or
(ii)
make or grant offers, agreements or options (collectively, “
Instruments
”) that
might or would require Units to be issued, including but not limited to the creation
and issue of (as well as adjustments to) securities, options, warrants, debentures
or other instruments convertible into Units,
at any time and upon such terms and conditions and for such purposes and to such
persons as the Manager may in its absolute discretion deem fit; and
(b) issue Units in pursuance of any Instrument made or granted by the Manager while
this Resolution was in force (notwithstanding that the authority conferred by this
Resolution may have ceased to be in force at the time such Units are issued),
provided that:
(1) the aggregate number of Units to be issued pursuant to this Resolution (including
Units to be issued in pursuance of the Instruments made or granted pursuant to this
Resolution) shall not exceed fifty per cent (50.0%) of the total number of issued Units
(excluding treasury Units, if any) (as calculated in accordance with sub-paragraph (2)
below), of which the aggregate number of Units to be issued other than on a
pro rata
basis to existing Unitholders (including Units to be issued in pursuance of Instruments
to be made or granted pursuant to this Resolution) shall not exceed twenty per
cent (20.0%) of the total number of issued Units (excluding treasury Units, if any) (as
calculated in accordance with sub-paragraph (2) below);