NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT") PROPOSED PLACEMENT OF UP TO 37,115,000 NEW UNITS IN AXIS-REIT ("UNITS") ("PLACEMENT UNITS"), REPRESENTING UP TO 3% OF ITS TOTAL ISSUED UNITS OF 1,237,285,288 UNITS AT AN ISSUE PRICE OF RM1.72 PER PLACEMENT UNIT TO EMPLOYEES PROVIDENT FUND BOARD ("EPF") AND KUMPULAN WANG PERSARAAN (DIPERBADANKAN) ("KWAP") AND/OR PERSONS CONNECTED WITH THEM ("PROPOSED PLACEMENT TO EPF AND KWAP")
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT")
PROPOSED PLACEMENT OF UP TO 37,115,000 NEW UNITS IN AXIS-REIT ("UNITS") ("PLACEMENT UNITS"), REPRESENTING UP TO 3% OF ITS TOTAL ISSUED UNITS OF 1,237,285,288 UNITS AT AN ISSUE PRICE OF RM1.72 PER PLACEMENT UNIT TO EMPLOYEES PROVIDENT FUND BOARD ("EPF") AND KUMPULAN WANG PERSARAAN (DIPERBADANKAN) ("KWAP") AND/OR PERSONS CONNECTED WITH THEM ("PROPOSED PLACEMENT TO EPF AND KWAP") |
On behalf of the Board of Directors (“Board”) of Axis REIT Managers Berhad, being the management company of Axis-REIT (“Manager”), Maybank Investment Bank Berhad (“Maybank IB”) wishes to announce that the Manager intends to seek the approval of non-interested unitholders of Axis-REIT for the placement of up to 37,115,000 new Units, representing up to 3% of the total issued Units of 1,237,285,288 Units to EPF and KWAP, being the major unitholders of Axis-REIT. Please refer to the attachment for further details on the Proposed Placement to EPF and KWAP. This announcement is dated 5 November 2019. |
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Please refer attachment below.
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 05 Nov 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-05112019-00026 |
