NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING PROPOSED PLACEMENT OF UP TO 250,750,952 NEW UNITS IN AXIS-REIT ("UNITS"), REPRESENTING UP TO 20% OF THE EXISTING APPROVED FUND SIZE OF AXIS-REIT OF 1,253,754,764 UNITS ("PROPOSED PLACEMENT")
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | PROPOSED PLACEMENT OF UP TO 250,750,952 NEW UNITS IN AXIS-REIT ("UNITS"), REPRESENTING UP TO 20% OF THE EXISTING APPROVED FUND SIZE OF AXIS-REIT OF 1,253,754,764 UNITS ("PROPOSED PLACEMENT") |
|
(Unless otherwise stated, definitions used in this announcement shall carry the same meanings as defined in the announcement dated 23 May 2017 in relation to the Proposed Placement). We refer to the announcements in relation to the Proposed Placement, the latest of which was dated 31 July 2017. On behalf of the Board, Maybank Investment Bank Berhad (“Maybank IB”) wishes to announce that the Board had, on 9 November 2017 fixed the issue price of 125 million new Units (“Placement Units”) at RM1.43 per Unit. The placement was carried out pursuant to the authority granted by Unitholders on 26 April 2017 to issue up to 250,750,952 new Units, representing 20% of the approved fund size of 1,253,754,764 Units. The issue price of the Placement Units of RM1.43 per Unit represents a discount of about 5.17% to the 5-day volume weighted average market price of the Units up to and including 9 November 2017 of RM1.5079 per Unit. In addition, the placees for the 125 million Placement Units have been identified through its Joint Placement Agents, Maybank IB and CIMB Investment Bank Berhad via a book-building process. The Placement Units have been well oversubscribed. The payments for the 125 million Placement Units at RM1.43 per Unit are required to be made by the identified placees within 5 market days from the price fixing date. This announcement is dated 10 November 2017. |
|
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 10 Nov 2017 |
| Category | General Announcement for PLC |
| Reference Number | GA1-09112017-00094 |
