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ANNUAL REPORT 2015
FRASERS HOSPITALITY TRUST
Principle 15:
Communication with Stapled Securityholders
The Managers are committed to regular, effective and fair communication with all Stapled Securityholders. It has a
dedicated investor relations team which handles communications with investors, the investment community, analysts
and the media.
In the financial period, the Managers participated in regular conferences, conference calls, meetings, deal, and non-deal
roadshows and met with more than 100 existing and potential investors and analysts in Bangkok, Tokyo, Hong Kong
and Singapore. These are excellent avenues for the Managers to keep investors updated on the latest performances,
developments, strategies and outlook for FHT. At the same time, it is also a forum for the Managers to better understand
the matters which are key to investors.
Briefings for analysts and luncheon for investors are generally held in conjunction with the release of FHT’s half-year
and full-year financial results. To ensure transparency, press releases and presentation slides are released to SGX-ST
via SGXNET, and posted on FHT’s website at
. Both announcements through FHT’s
website and the SGXNET are the principal media of communication with Stapled Securityholders.
FHT is also a signatory to the 2015 Corporate Governance Statement of Support organised by SIAS where FHT has
pledged its commitment to uphold high standards in corporate governance.
Principle 16:
Conduct of Stapled Securityholder Meetings
The SGX-ST granted FHT waivers from Listing Rule 707(1) and (2) which sets out the requirements for the holding of
the annual general meeting for the financial year ended 30 September 2014 (“
FY2014
”) and the issuance of the annual
report for FY 2014 subject to FH-REIT preparing its first annual report commencing from the period from the listing
date up to 30 September 2015.
A copy of FHT’s first Annual Report is sent to all Stapled Securityholders.
At the first annual general meeting (“
AGM
”) of FHT to be held on 9 December 2015, Stapled Securityholders will be invited
to vote on each of the resolutions by poll, using an electronic voting system. This will allow all Stapled Securityholders
present or represented at the AGM to vote on a per unit, one vote basis. The voting result will be screened at the AGM
and announced to the SGX-ST after the AGM.
As and when an extraordinary general meeting is convened, a circular will be sent to each Stapled Securityholder.
The circular will contain details of the matters proposed for Stapled Securityholders’ consideration and approval. An
extraordinary general meeting to approve, inter alia, the acquisition of a 75-year leasehold interest in Sofitel Sydney
Wentworth as a related party transaction was held on 24 June 2015 and a circular dated 9 June 2015 was sent to
Stapled Securityholders in relation thereto.
Boardmembers and Management are in attendance at Stapled Securityholders’ meetings where Stapled Securityholders
are given the opportunity to raise questions and clarify any issues they may have relating to the resolutions to be
passed. The external auditors are also present to address queries about the conduct of audit and the preparation and
content of the auditors’ report.
Dealings in Stapled Securities
The REIT Manager has adopted a Dealing Policy on securities trading which provides guidance with regard to dealings
in the Stapled Securities by its Directors, officers and employees. Directors, officers and employees are prohibited from
dealing in the Stapled Securities:
•
in line with the Listing Rule 1207(19)(c) on Dealings in Securities, two weeks before the date of announcement of
quarterly financial statements and one month before the date of announcement of full-year results (“
Prohibition
Period
”); and
•
at any time while in possession of unpublished material or price sensitive information.
Directors, officers and employees are also directed to refrain from dealing in Stapled Securities on short-term
considerations.
CORPORATE GOVERNANCE REPORT
