AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT") - PROPOSED RENEWAL OF THE 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 REAL ESTATE INVESTMENT TRUSTS (“PROPOSED AUTHORITY”); - PROPOSED ISSUANCE OF UP TO 51,180,200 UNITS, REPRESENTING UP TO 20% OF THE EXISTING UNITS IN AXIS-REIT PURSUANT TO THE PROPOSED AUTHORITY, BEING THE FIRST TRANCHE OF THE PLACEMENT UNITS (“PROPOSED ISSUANCE”) ; AND - 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 PURSUANT TO THE PROPOSED AUTHORITY. (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT") - PROPOSED RENEWAL OF THE 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 REAL ESTATE INVESTMENT TRUSTS (“PROPOSED AUTHORITY”); - PROPOSED ISSUANCE OF UP TO 51,180,200 UNITS, REPRESENTING UP TO 20% OF THE EXISTING UNITS IN AXIS-REIT PURSUANT TO THE PROPOSED AUTHORITY, BEING THE FIRST TRANCHE OF THE PLACEMENT UNITS (“PROPOSED ISSUANCE”) ; AND - 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 PURSUANT TO THE PROPOSED AUTHORITY. (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”) |
| Contents | (Unless stated otherwise, definitions used in this announcement shall carry the same meaning as defined in the announcements dated 4 August 2008 and 20 July 2009) We refer to the announcements dated 4 August 2008, 3 September 2008, 10 November 2008, 24 February 2009, 20 July 2009, 4 August 2009, 20 August 2009, 24 August 2009 and 25 August 2009 in relation to the Proposals. On behalf of Axis REIT Managers Berhad, the manager of Axis-REIT, Maybank Investment Bank Berhad (formerly known as Aseambankers Malaysia Berhad) is pleased to announce that Bursa Malaysia Securities Berhad had, vide its letter dated 3 September 2009, approved the listing and quotation of 51,180,200 new Units in Axis-REIT to be issued pursuant to the Proposals. This announcement is dated 7 September 2009. |
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Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 7 Sept 2009 |
| Category | General Announcement |
| Reference No | MI-090907-53880 |
