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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 2022 FIRST INTERIM 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 2022 FIRST INTERIM INCOME DISTRIBUTION - NEW UNITS TO BE ISSUED PURSUANT TO IDRP

Reference is made to the announcements dated 20 April 2022 and 19 May 2022 in relation to the IDRP applicable to the 2022 First Interim 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 June 2022, being the expiry date for submission of the IDRFs, Axis-REIT is required to issue 6,529,923 new units in Axis-REIT ("New Units") pursuant to the IDRP in respect of the 2022 First Interim Income Distribution. The New Units represent approximately 62% of 10,469,110 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 9 June 2022. 






Announcement Info

Company Name AXIS REAL ESTATE INVESTMENT TRUST
Stock Name AXREIT
Date Announced 09 Jun 2022
Category General Announcement for PLC
Reference Number GA1-08062022-00029




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