BURSA ANNOUNCEMENTS


 

Date : 01 November 2021

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT") PROPOSED PLACEMENT OF UP TO 188,042,597 NEW UNITS IN AXIS-REIT ("UNITS"), REPRESENTING UP TO 13% OF THE TOTAL NUMBER OF UNITS ISSUED ("PROPOSED PLACEMENT")

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 188,042,597 NEW UNITS IN AXIS-REIT ("UNITS"), REPRESENTING UP TO 13% OF THE TOTAL NUMBER OF UNITS ISSUED ("PROPOSED PLACEMENT")
(Unless otherwise stated, all abbreviations and definitions used herein shall have the same meaning as those used in the announcements dated 21 October 2021 and 26 October 2021 in relation to the Proposed Placement (“Announcements”))

Reference is made to the Announcements.

On behalf of the Board of the Manager, Maybank IB wishes to announce that Bursa Securities had, vide its letter dated 1 November 2021, approved the listing and quotation of up to 188,042,597 new Units to be issued pursuant to the Proposed Placement on the Main Market of Bursa Securities (“Listing Application”).

The approval of Bursa Securities for the Listing Application is subject to, among others, the following conditions:

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

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

(iii) 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 is completed.

This announcement is dated 1 November 2021.





Announcement Info

Company Name AXIS REAL ESTATE INVESTMENT TRUST
Stock Name AXREIT
Date Announced 01 Nov 2021
Category General Announcement for PLC
Reference Number GA1-01112021-00108


Back