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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIES RECURRENT AND OPTIONAL INCOME DISTRIBUTION REINVESTMENT PLAN ("IDRP") APPLICABLE TO 2020 FINAL INCOME DISTRIBUTION - NEW UNITS TO BE ISSUED PURSUANT TO IDRP

AXIS REAL ESTATE INVESTMENT TRUST

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description
RECURRENT AND OPTIONAL INCOME DISTRIBUTION REINVESTMENT PLAN ("IDRP") APPLICABLE TO 2020 FINAL INCOME DISTRIBUTION - NEW UNITS TO BE ISSUED PURSUANT TO IDRP

Reference is made to the announcements dated 20 January 2021 and 16 February 2021 in relation to the IDRP applicable to the 2020 Final Income Distribution, that allows unitholders of Axis Real Estate Investment Trust ("Axis-REIT") to reinvest their income distribution in new units in Axis-REIT.

The Board of Directors of Axis REIT Managers Berhad, the management company of Axis-REIT, is pleased to announce that based on the valid Income Distribution Reinvestment Forms ("IDRFs") received by Axis-REIT's registrars, Boardroom Share Registrars Sdn Bhd on 3 March 2021, being the expiry date for submission of the IDRFs, Axis-REIT is required to issue 4,150,222 new units in Axis-REIT ("New Units") pursuant to the IDRP in respect of the 2020 Final Income Distribution. The New Units represent approximately 49% of 8,439,172 being the total number of new units that would have been issued pursuant to the IDRP, had all the entitled unitholders of Axis-REIT elected to reinvest their respective electable portion under the IDRP in new units.

This announcement is dated 8 March 2021. 






Announcement Info

Company Name AXIS REAL ESTATE INVESTMENT TRUST
Stock Name AXREIT
Date Announced 08 Mar 2021
Category General Announcement for PLC
Reference Number GA1-08032021-00026




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