BURSA ANNOUNCEMENTS


 

Date : 04 November 2019

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT") PROPOSED PLACEMENT OF UP TO 247,457,057 NEW UNITS IN AXIS-REIT ("UNITS"), REPRESENTING UP TO 20% OF ITS TOTAL ISSUED UNITS OF 1,237,285,288 UNITS ("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 247,457,057 NEW UNITS IN AXIS-REIT ("UNITS"), REPRESENTING UP TO 20% OF ITS TOTAL ISSUED UNITS OF 1,237,285,288 UNITS ("PROPOSED PLACEMENT")
(Unless otherwise stated, all abbreviations used in this announcement shall have the same meanings as defined in the announcement dated 29 October 2019 in relation to the Proposed Placement)

Reference is made to the announcements dated 29 October 2019, 31 October 2019 and 1 November 2019 in relation to the Proposed Placement.

On behalf of the Board of the Manager, Maybank IB wishes to announce that Bursa Securities had, vide its letter dated 4 November 2019, resolved to approve the listing and quotation of up to 247,457,057 new Units to be issued pursuant to the Proposed Placement on the Main Market of Bursa Securities.

The approval of Bursa Securities is subject to the following conditions:

i) Axis-REIT and Maybank IB must fully comply with the relevant provisions under the Listing Requirements 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) Axis-REIT and Maybank IB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securitiesí approval once the Proposed Placement is completed.

This announcement is dated 4 November 2019.





Announcement Info

Company Name AXIS REAL ESTATE INVESTMENT TRUST
Stock Name AXREIT
Date Announced 04 Nov 2019
Category General Announcement for PLC
Reference Number GA1-04112019-00113


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