BURSA ANNOUNCEMENTS

 

Date : 15 November 2019

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")
 
(Unless otherwise stated, all abbreviations used in this announcement shall have the same meanings as defined in the announcement dated 5 November 2019 in relation to the Proposed Placement to EPF and KWAP)

We refer to the announcements dated 5 November 2019 and 13 November 2019 in relation to the Proposed Placement to EPF and KWAP.

On behalf of the Board of the Manager, Maybank IB wishes to announce that Bursa Securities had, vide its letter dated 15 November 2019, resolved to approve the listing and quotation of up to 37,115,000 new Units to be issued pursuant to the Proposed Placement to EPF and KWAP on the Main Market of Bursa Securities.

The approval of Bursa Securities is subject to the following conditions:

(i) Axis-REIT and Maybank IB must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Placement to EPF and KWAP;

(ii) Axis-REIT and Maybank IB to inform Bursa Securities upon the completion of the Proposed Placement to EPF and KWAP; and

(iii) Axis-REIT and Maybank IB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Placement to EPF and KWAP is completed.

This announcement is dated 15 November 2019.



Announcement Info

Company Name AXIS REAL ESTATE INVESTMENT TRUST
Stock Name AXREIT
Date Announced 15 Nov 2019
Category General Announcement for PLC
Reference Number GA1-14112019-00084


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