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; 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; 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 and 20 August 2009 in relation to the Proposals. On behalf of the Board of Directors of Axis REIT Managers Berhad (“ARMB”), the management company of Axis-REIT, Maybank Investment Bank Berhad (formerly known as Aseambankers Malaysia Berhad) is pleased to announce that the Board of Directors of ARMB had on 24 August 2009 fixed the issue price of the first tranche of the Placement Units to be issued via the Proposed Authority at RM1.66 per unit. The issue price of the aforesaid units of RM1.66 represents a discount of approximately 5.14% to the five (5) days volume weighted average market price up to 24 August 2009 of RM1.75. This announcement is dated 24 August 2009. |
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Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 24 Aug 2009 |
| Category | General Announcement |
| Reference No | MI-090821-64677 |
