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 and 25 August 2010 in relation to, among others, the Proposals. On behalf of the Board of Directors of Axis REIT Managers Berhad (“Board”), the management company of Axis-REIT, Maybank Investment Bank Berhad is pleased to announce that the Board had, on 26 August 2010 fixed the issue price of the Final Tranche Placement Units at RM1.97 per Unit. The issue price of the Final Tranche Placement Units of RM1.97 per Unit represents a discount of about 4.37% to the 5-day volume weighted average market price of the Units up to 26 August 2010 of RM2.06 per Unit. This announcement is dated 26 August 2010. |
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Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 26 Aug 2010 |
| Category | General Announcement |
| Reference No | MI-100826-61862 |
