AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT" OR "THE FUND") - PROPOSED RECLASSIFICATION; - PROPOSED AMENDMENTS; - PROPOSED AUTHORITY; AND - PROPOSED INCREASE IN FUND SIZE
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT" OR "THE FUND") - PROPOSED RECLASSIFICATION; - PROPOSED AMENDMENTS; - PROPOSED AUTHORITY; AND - PROPOSED INCREASE IN FUND SIZE |
| Contents | Aseambankers Malaysia Berhad, on behalf of the Board of Directors of Axis REIT Managers Berhad, the manager of Axis-REIT is pleased to announce that at the 1/2008 and 2/2008 unitholders’ meetings held today, the unitholders of Axis-REIT have approved and passed the resolutions on the following: (i) proposed reclassification of Axis-REIT from a conventional real estate investment trust (“REIT”) to an Islamic REIT and the proposed amendments to the deed dated 15 June 2005 and the supplemental deed dated 8 December 2006 entered into between Axis REIT Managers Berhad and OSK Trustees Berhad; (ii) proposed authority to allot and issue units of up to 51,180,200 new units, representing up to 20% of the existing approved fund size of Axis-REIT of 255,901,000 units pursuant to Section 14.03 of the Securities Commission’s Guidelines on REIT; and (iii) proposed increase in the existing approved fund size of Axis-REIT of 255,901,000 units up to a maximum of 307,081,200 units. This announcement is dated 24 September 2008. |
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 24 Sept 2008 |
| Category | General Announcement |
| Reference No | CU-080924-52449 |
