BURSA ANNOUNCEMENTS


 

Date : 25 August 2009

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

TypeAnnouncement
SubjectAXIS 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 and 24 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 placees for the entire 51,180,200 Units under the Proposed Issuance have been identified. The placees have in aggregate submitted applications for three (3) times the Units available under the Proposed Issuance. The payments for the 51,180,200 Units under the Proposed Issuance at RM1.66 per Unit are required to be made by the identified placees within five (5) market days from the price fixing date which had been announced on 24 August 2009.


This announcement is dated 25 August 2009.




Announcement Info

Company NameAXIS REAL ESTATE INVESTMENT TRUST  
Stock Name AXREIT    
Date Announced25 Aug 2009  
CategoryGeneral Announcement
Reference NoMI-090825-65420

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