BURSA ANNOUNCEMENTS


 

Date : 05 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 37,115,000 NEW UNITS IN AXIS-REIT ("UNITS") ("PLACEMENT UNITS"), REPRESENTING UP TO 3% OF ITS TOTAL ISSUED UNITS OF 1,237,285,288 UNITS AT AN ISSUE PRICE OF RM1.72 PER PLACEMENT UNIT TO EMPLOYEES PROVIDENT FUND BOARD ("EPF") AND KUMPULAN WANG PERSARAAN (DIPERBADANKAN) ("KWAP") AND/OR PERSONS CONNECTED WITH THEM ("PROPOSED PLACEMENT TO EPF AND KWAP")

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 37,115,000 NEW UNITS IN AXIS-REIT ("UNITS") ("PLACEMENT UNITS"), REPRESENTING UP TO 3% OF ITS TOTAL ISSUED UNITS OF 1,237,285,288 UNITS AT AN ISSUE PRICE OF RM1.72 PER PLACEMENT UNIT TO EMPLOYEES PROVIDENT FUND BOARD ("EPF") AND KUMPULAN WANG PERSARAAN (DIPERBADANKAN) ("KWAP") AND/OR PERSONS CONNECTED WITH THEM ("PROPOSED PLACEMENT TO EPF AND KWAP")
On behalf of the Board of Directors (Board) of Axis REIT Managers Berhad, being the management company of Axis-REIT (Manager), Maybank Investment Bank Berhad (Maybank IB) wishes to announce that the Manager intends to seek the approval of non-interested unitholders of Axis-REIT for the placement of up to 37,115,000 new Units, representing up to 3% of the total issued Units of 1,237,285,288 Units to EPF and KWAP, being the major unitholders of Axis-REIT.

Please refer to the attachment for further details on the Proposed Placement to EPF and KWAP.

This announcement is dated 5 November 2019.



Please refer attachment below.



Announcement Info

Company Name AXIS REAL ESTATE INVESTMENT TRUST
Stock Name AXREIT
Date Announced 05 Nov 2019
Category General Announcement for PLC
Reference Number GA1-05112019-00026


Back