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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 100,000,000 NEW UNITS IN AXIS-REIT ("UNITS"), REPRESENTING UP TO APPROXIMATELY 6.09% 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 100,000,000 NEW UNITS IN AXIS-REIT ("UNITS"), REPRESENTING UP TO APPROXIMATELY 6.09% 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 14 November 2022 and 17 November 2022 in relation to the Proposed Placement (“Announcements”))

Reference is made to the Announcements.

On behalf of the Board of the Manager, Maybank Investment Bank Berhad (“Maybank IB”) wishes to announce that Bursa Securities had, vide its letter dated 23 November 2022, approved the listing and quotation of up to 100,000,000 new Units to be issued pursuant to the Proposed Placement on the Main Market of Bursa Securities (“Listing Application”).

The approval of Bursa Securities for the Listing Application is subject to, among others, the following conditions:

(i) Axis-REIT and Maybank IB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the Proposed Placement;

(ii) Maybank IB to inform Bursa Securities upon the completion of the Proposed Placement; and

(iii) Maybank IB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Placement is completed.

This announcement is dated 23 November 2022.

 






Announcement Info

Company Name AXIS REAL ESTATE INVESTMENT TRUST
Stock Name AXREIT
Date Announced 23 Nov 2022
Category General Announcement for PLC
Reference Number GA1-23112022-00044




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