AXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT”) (I) PROPOSED PLACEMENT OF UP TO 50,000,000 NEW UNITS IN AXIS-REIT REPRESENTING APPROXIMATELY 24.3% OF THE EXISTING UNITS IN AXIS-REIT IN CIRCULATION, AT AN ISSUE PRICE TO BE DETERMINED LATER; AND (II) PROPOSED INCREASE IN THE EXISTING APPROVED FUND SIZE OF AXIS-REIT TO A MAXIMUM OF 255,901,000 UNITS (HEREIN REFERRED AS “PROPOSALS”)
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | AXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT”) (I) PROPOSED PLACEMENT OF UP TO 50,000,000 NEW UNITS IN AXIS-REIT REPRESENTING APPROXIMATELY 24.3% OF THE EXISTING UNITS IN AXIS-REIT IN CIRCULATION, AT AN ISSUE PRICE TO BE DETERMINED LATER; AND (II) PROPOSED INCREASE IN THE EXISTING APPROVED FUND SIZE OF AXIS-REIT TO A MAXIMUM OF 255,901,000 UNITS (HEREIN REFERRED AS “PROPOSALS”) |
| Contents | (Unless stated otherwise, definitions used in this announcement shall carry the same meaning as defined in the announcement dated 30 October 2006) We refer to the announcement made on 7 December 2007 in relation to the Proposals. On behalf of the Board of Directors of Axis REIT Managers Berhad (“ARMB”), the management company of Axis-REIT, Aseambankers Malaysia Berhad is pleased to announce that the Board of Directors of ARMB had on 14 January 2008, fixed the issue price of the new units to be issued pursuant to the Proposed Placement at RM1.80 per unit. The issue price of the aforesaid units of RM1.80 represents a discount of approximately 3.22% to the five (5) days volume weighted average market price up to 11 January 2008 of RM1.86. This announcement is dated 14 January 2008. |
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 14 Jan 2008 |
| Category | General Announcement |
| Reference No | CU-080114-37152 |
