BURSA ANNOUNCEMENTS


 

Date : 05 December 2013

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): OTHER ISSUE OF SECURITIES Recurrent and Optional Income Distribution Reinvestment Plan ("IDRP") applicable to 2013 Third Interim Income Distribution - New Units to be issued pursuant to the IDRP

AXIS REAL ESTATE INVESTMENT TRUST

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
DescriptionRecurrent and Optional Income Distribution Reinvestment Plan ("IDRP") applicable to 2013 Third Interim Income Distribution - New Units to be issued pursuant to the IDRP
Reference is made to the announcements dated 21 October 2013 and 15 November 2013 in relation to the IDRP applicable to the 2013 Third Interim Income Distribution, that allows unitholders of Axis Real Estate Investment Trust ("Axis-REIT") to reinvest their income distribution in new units in Axis-REIT.
The Board of Directors of Axis REIT Managers Berhad, the management company of Axis-REIT, is pleased to announce that based on the valid Income Distribution Reinvestment Forms ("IDRFs") received by Axis-REIT's registrars, Symphony Share Registrars Sdn Bhd on 2 December 2013, being the expiry date for submission of the IDRFs, Axis-REIT is required to issue 2,298,106 new units in Axis-REIT ("New Units") pursuant to the IDRP in respect of the 2013 Third Interim Income Distribution. The New Units represent approximately 79% of the 2,896,855 total number of new units that would have been issued pursuant to the IDRP, had all the entitled unitholders of Axis-REIT elected to reinvest their respective electable portion under the IDRP in new units.

This announcement is dated 5 December 2013.


Announcement Info

Company NameAXIS REAL ESTATE INVESTMENT TRUST  
Stock Name AXREIT    
Date Announced5 Dec 2013  
CategoryGeneral Announcement
Reference NoCC-131205-1C4F3

Back