NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): FUND RAISING
AmFIRST REAL ESTATE INVESTMENT TRUST (“AmFIRST REIT”)
RENOUNCEABLE RIGHTS ISSUE OF 257,400,600 NEW UNITS IN AmFIRST REIT (“RIGHTS UNITS”) ON THE BASIS OF THREE (3) RIGHTS UNITS FOR EVERTY FIVE (5) EXISTING UNITS IN AmFIRST REIT (“RIGHTS ISSUE”)
AMFIRST REAL ESTATE INVESTMENT TRUST
Type
Announcement
Subject
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
AmFIRST REAL ESTATE INVESTMENT TRUST (“AmFIRST REIT”)
RENOUNCEABLE RIGHTS ISSUE OF 257,400,600 NEW UNITS IN AmFIRST REIT (“RIGHTS UNITS”) ON THE BASIS OF THREE (3) RIGHTS UNITS FOR EVERTY FIVE (5) EXISTING UNITS IN AmFIRST REIT (“RIGHTS ISSUE”)
We refer to the announcements dated 10 August 2011, 8 November 2011, 8 March 2012, 13 March 2012, 3 April 2012, 6 April 2012, 30 April 2012, 22 June 2012 and 9 July 2012 in relation to, amongst others, the Rights Issue (collectively referred to as the “Earlier Announcements”) and Rights Issue Prospectus dated 10 July 2012 (“Rights Issue Prospectus”). Unless otherwise stated, all definitions used in this announcement shall carry the same meaning as defined in the Earlier Announcements and Rights Issue Prospectus.
On behalf of the Board, AmInvestment Bank is pleased to announce that as at the close of acceptance and payment for the Rights Issue at 5.00 p.m. on 25 July 2012 (“Closing Date”), AmFIRST REIT had received valid acceptances and excess applications for a total of 292,092,049 Rights Units, representing a subscription rate of 113.48% of the total number of Rights Units available for subscription under the Rights Issue.
The details of valid acceptances and excess applications of Rights Units received as at the Closing Date are as follows:
No of Rights Units
%
Total valid acceptances
252,307,594
98.02
Total valid excess applications
39,784,455
15.46
Total valid acceptances and excess applications
292,092,049
113.48
Total available for subscription
257,400,600
100.00
Over-subscription
34,691,449
13.48
The excess Rights Units will be allotted in the manner as stated in the Rights Issue Prospectus.
The Rights Units are expected to be listed and quoted on the Main Market of Bursa Securities on 7 August 2012.
