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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, 26 October 2021, 1 November 2021, 15 November 2021, 16 November 2021 and 1 December 2021 in relation to the Proposed Placement (“Announcements”))

Reference is made to the Announcements.

On behalf of the Board, Maybank IB wishes to announce that the Manager had on 2 December 2021 fixed the issue price of 188,042,597 Placement Units, representing 13% of the total issued Units of 1,446,481,518 as at 29 October 2021 at RM1.78 per Placement Unit (“Issue Price”) to successfully identified placees via a bookbuilding process. The Placement Units were oversubscribed.

The Issue Price represents a discount of approximately 4.60% to the VWAMP of the Units for the 5 market days up to and including 1 December 2021 of RM1.8658 per Unit. Accordingly, the gross proceeds from the Proposed Placement is approximately RM334.7 million.

Maybank IB and CIMB Investment Bank Berhad acted as the placement agents for the Proposed Placement.

This announcement is dated 2 December 2021.





Announcement Info

Company Name AXIS REAL ESTATE INVESTMENT TRUST
Stock Name AXREIT
Date Announced 02 Dec 2021
Category General Announcement for PLC
Reference Number GA1-01122021-00104




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