Additional Listing Announcement /Subdivision of Shares
| AXIS REAL ESTATE INVESTMENT TRUST |
1. Details of Corporate Proposal |
|
| Involve issuance of new type/class of securities ? | No |
| Types of corporate proposal | Others |
| Details of corporate proposal | Recurrent and Optional Income Distribution Reinvestment Plan ("IDRP") that allows Unitholders of Axis Real Estate Investment Trust ("Axis-REIT") to reinvest their income distribution in new units in Axis-REIT |
| No. of shares issued under this corporate proposal | 7,081,008 |
| Issue price per share ($$) | Malaysian Ringgit (MYR) 1.6700 |
| Par Value($$) (if applicable) | |
Latest issued share capital after the above corporate proposal in the following |
|
| Units | 1,442,331,296 |
| Issued Share Capital ($$) | Malaysian Ringgit (MYR) 1,595,517,000.000 |
| Listing Date | 10 Mar 2020 |
| Remarks : |
(1) After taking into consideration the estimated expenses of approximately RM99,000, the unitholders' capital after the IDRP is RM1,595.52 million. (2) The new units issued pursuant to the IDRP are in conjunction with Axis-REIT's 2019 Final Income Distribution. This announcement is dated 9 March 2020. |
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 09 Mar 2020 |
| Category | Additional Listing Announcement /Subdivision of Shares |
| Reference Number | ALA-06032020-00004 |
