AXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT”) (I) PROPOSED PLACEMENT OF UP TO 68,819,800 NEW UNITS IN AXIS-REIT (“UNITS”), REPRESENTING ABOUT 22.4% OF THE EXISTING UNITS IN CIRCULATION, AT A PRICE TO BE DETERMINED LATER; AND (II) PROPOSED INCREASE IN THE EXISTING APPROVED FUND SIZE OF AXIS-REIT FROM 307,081,200 UNITS UP TO A MAXIMUM OF 375,901,000 UNITS (COLLECTIVELY REFERRED TO AS “PROPOSALS”)
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | AXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT”) (I) PROPOSED PLACEMENT OF UP TO 68,819,800 NEW UNITS IN AXIS-REIT (“UNITS”), REPRESENTING ABOUT 22.4% OF THE EXISTING UNITS IN CIRCULATION, AT A PRICE TO BE DETERMINED LATER; AND (II) PROPOSED INCREASE IN THE EXISTING APPROVED FUND SIZE OF AXIS-REIT FROM 307,081,200 UNITS UP TO A MAXIMUM OF 375,901,000 UNITS (COLLECTIVELY REFERRED TO AS “PROPOSALS”) |
| Contents | (Unless otherwise stated, definitions used in this announcement shall carry the same meanings as defined in the announcement dated 3 June 2010). We refer to the announcements dated 3 June 2010, 16 June 2010, 3 August 2010, 10 August 2010, 25 August 2010 and 26 August 2010 in relation to, among others, the Proposals. On behalf of the Board of Directors of Axis REIT Managers Berhad, the management company of Axis-REIT, Maybank Investment Bank Berhad is pleased to announce that the placees for the entire 68,819,800 new Units under Final Tranche Proposed Placement have been identified. The Units available under the Final Tranche Proposed Placement have been oversubscribed by several times. The payments for the 68,819,800 new Units under Final Tranche Proposed Placement at RM1.97 per Unit are required to be made by the identified placees within 5 market days from the price fixing date which had been announced on 26 August 2010. This announcement is dated 1 September 2010. |
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Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 1 Sept 2010 |
| Category | General Announcement |
| Reference No | MI-100901-40593 |
