AXREIT - Notice of Book Closure
| AXIS REAL ESTATE INVESTMENT TRUST |
Unit split involving the subdivision of every one (1) existing unit in Axis Real Estate Investment Trust ("Axis-REIT") held by the entitled unitholders of Axis-REIT ("Entitled Unitholders") as at 5.00 p.m. on 8 September 2015 ("Entitlement Date"), into two (2) units in Axis-REIT ("Subdivided Units").
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted "Ex - Offer” as from: 4 Sep 2015
2) The last date of lodgment : 8 Sep 2015
Remarks 1) :- "Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place on 9 September 2015 with share split AXREIT shares each. Any shareholder who is entitled to receive AXREIT share split shares, may sell any or all of his AXREIT shares arising from the share split beginning the Ex-Date (4 September 2015).
For example, if Mr X purchases 100 AXREIT shares on cum basis on 3 September 2015, Mr X should receive 100 shares on 8 September 2015. As a result of the share split, 200 AXREIT shares will be credited into Mr X's CDS account on the night of 8 September 2015 being the Book Closing Date. Therefore, Mr X can sell the share split shares of 200 on or after the Ex-Date ie from 4 September 2015 onwards."
Remarks 2) :- The date of listing of and quotation for the Subdivided Units on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") shall be 9 September 2015, being the next market day immediately after the Entitlement Date. On 3 August 2015, the Board of Directors of Axis REIT Managers Berhad announced the quarterly results of Axis-REIT for the financial period ended 30 June 2015, and proposed a Second Interim Income Distribution of 4.30 sen per unit (of which 4.20 sen per unit is taxable and 0.10 sen per unit is non-taxable in the hands of unitholders of Axis-REIT ("Unitholders")) in respect of the period from 1 April 2015 to 30 June 2015. The Second Interim Income Distribution will be paid on 11 September 2015 to the Unitholders whose names appear in the record of depositors of Axis-REIT as at 5.00 p.m. on 17 August 2015. As the entitlement date of the Second Interim Income Distribution was prior to the date of allotment of the Subdivided Units which will take place on 8 September 2015, the Subdivided Units shall not be entitled to the Second Interim Income Distribution. The share registrar of Axis-REIT will issue and despatch the notices of allotment for the Subdivided Units to the Entitled Unitholders within four (4) market days from the date of listing of and quotation for the Subdivided Units on the Main Market of Bursa Securities. This announcement is dated 24 August 2015.
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 28 Aug 2015 |
| Category | Listing Circular |
| Reference Number | ILC-26082015-00024 |
