NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): FUND RAISING AXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT”) (I) PROPOSED AUTHORITY TO ALLOT AND ISSUE UP TO 90,762,819 NEW UNITS IN AXIS-REIT (“UNITS”), REPRESENTING UP TO 19.88% OF THE EXISTING ISSUED FUND SIZE OF AXIS-REIT OF 456,517,221 UNITS (“PROPOSED AUTHORITY 1”) (II) PROPOSED AUTHORITY TO ALLOT AND ISSUE UP TO 2,000,000 NEW UNITS FOR THE PURPOSE OF THE PAYMENT OF MANAGEMENT FEE TO AXIS REIT MANAGERS BERHAD IN THE FORM OF NEW UNITS (“PROPOSED AUTHORITY 2”)
| 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”) (I) PROPOSED AUTHORITY TO ALLOT AND ISSUE UP TO 90,762,819 NEW UNITS IN AXIS-REIT (“UNITS”), REPRESENTING UP TO 19.88% OF THE EXISTING ISSUED FUND SIZE OF AXIS-REIT OF 456,517,221 UNITS (“PROPOSED AUTHORITY 1”) (II) PROPOSED AUTHORITY TO ALLOT AND ISSUE UP TO 2,000,000 NEW UNITS FOR THE PURPOSE OF THE PAYMENT OF MANAGEMENT FEE TO AXIS REIT MANAGERS BERHAD IN THE FORM OF NEW UNITS (“PROPOSED AUTHORITY 2”) | ||||||||
(Unless otherwise stated, definitions used in this announcement shall carry the same meanings as defined in the announcement dated 14 June 2012). We refer to the announcements dated 14 June 2012, 13 September 2012 and 19 September 2012 in relation to, among others, the Proposed Authority 1 and Proposed Authority 2. On behalf of the Manager, Maybank IB is wishes to announce that the SC had, vide its letter dated 14 December 2012 (received on 17 December 2012) approved the following: (i) issuance of up to 90,762,819 new Units to facilitate the Proposed Placement; (ii) listing of and quotation for the new Units pursuant to the Proposed Authority 1 on the Main Market of Bursa Securities; (iii) issuance of up to 2,000,000 new Units for the payment of management fee that is payable in Units; (iv) listing of and quotation for the new Units pursuant to the Proposed Authority 2 on the Main Market of Bursa Securities; (v) values of Bayan Lepas Distribution Centre and Seberang Prai Logistic Warehouse 3; and (vi) variation to clauses 14.04(a)(i) and (ii) of the REIT Guidelines for the Proposed Placement (collectively referred to as “SC Approval”). The SC Approval is subject to the following conditions:
This announcement is dated 17 December 2012.
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Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 17 Dec 2012 |
| Category | General Announcement |
| Reference No | MI-121217-67178 |
