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 |
Type | Announcement |
Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) OTHER ISSUE OF SECURITIES |
Description | Recurrent 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 Name | AXIS REAL ESTATE INVESTMENT TRUST |
Stock Name | AXREIT |
Date Announced | 5 Dec 2013 |
Category | General Announcement |
Reference No | CC-131205-1C4F3 |