OTHERS AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT") (I) PROPOSED UNIT SPLIT; (II) PROPOSED INCREASE IN FUND SIZE 1; (III) PROPOSED AUTHORITY; (IV) PROPOSED RENEWAL OF IDRP AUTHORITY; AND (V) PROPOSED INCREASE IN FUND SIZE 2
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | OTHERS |
| Description | AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT")
(I) PROPOSED UNIT SPLIT;
(II) PROPOSED INCREASE IN FUND SIZE 1;
(III) PROPOSED AUTHORITY;
(IV) PROPOSED RENEWAL OF IDRP AUTHORITY; AND
(V) PROPOSED INCREASE IN FUND SIZE 2 |
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(Unless otherwise stated, definitions used in this announcement shall carry the same meanings as defined in the announcement dated 3 March 2015 in relation to the Proposals). We refer to the announcements dated 3 March 2015, 4 March 2015 and 1 July 2015 in relation to the Proposals. On behalf of the Board of Directors of the Manager, Maybank Investment Bank Berhad wishes to announce that an application has been submitted to Bursa Securities today in relation to the listing of and quotation for the following: (i) up to 77,597,342 new Units to be issued pursuant to the Proposed Renewal of IDRP Authority, on the Main Market of Bursa Securities, if the Proposed Unit Split is implemented; (ii) up to 1,522,000 new Units to be issued pursuant to the Payment of Management Fee Authority, on the Main Market of Bursa Securities, if the Proposed Unit Split is implemented; and (iii) up to: (a) 219,103,216 new Subdivided Units to be issued pursuant to the Proposed Authority, if the Proposed Unit Split is implemented, representing up to 20% of the issued fund size of Axis-REIT after the Proposed Unit Split of 1,095,516,080 Subdivided Units; or (b) 109,551,608 new Existing Units to be issued pursuant to the Proposed Authority, if the Proposed Unit Split is not implemented, representing up to 20% of the existing issued fund size of Axis-REIT of 547,758,040 Existing Units, on the Main Market of Bursa Securities. This announcement is dated 10 July 2015. |
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Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 10 Jul 2015 |
| Category | General Announcement for PLC |
| Reference Number | GA1-10072015-00050 |
