NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): OTHER ISSUE OF SECURITIES AXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT”) RECURRENT AND OPTIONAL INCOME DISTRIBUTION REINVESTMENT PLAN (“IDRP”) THAT ALLOWS UNITHOLDERS OF AXIS-REIT TO REINVEST THEIR INCOME DISTRIBUTION IN NEW UNITS IN AXIS-REIT
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) OTHER ISSUE OF SECURITIES |
| Description | AXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT”) RECURRENT AND OPTIONAL INCOME DISTRIBUTION REINVESTMENT PLAN (“IDRP”) THAT ALLOWS UNITHOLDERS OF AXIS-REIT TO REINVEST THEIR INCOME DISTRIBUTION IN NEW UNITS IN AXIS-REIT |
(Unless otherwise stated, definitions used in this announcement shall carry the same meanings as defined in the information memorandum issued by Axis-REIT dated 14 November 2011). We refer to the announcements dated 17 October 2011 and 8 November 2011 in relation to the IDRP. On behalf of the Board of Directors of Axis REIT Managers Berhad, the management company of Axis-REIT, Maybank Investment Bank Berhad is pleased to announce that based on the valid IDRFs received by the Registrar as at the Expiry Date, Axis-REIT is required to issue 2,732,896 new Units (“New Units”) pursuant to the IDRP in respect of the Third Interim Income Distribution. The New Units represent approximately 86.06% of the 3,175,665 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 in new Units. This announcement is dated 6 December 2011.
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Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 6 Dec 2011 |
| Category | General Announcement |
| Reference No | MI-111206-43211 |
