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Axis Real Estate Investment Trust Proposes To Allot And Issue Up To 90,762,819


Monday, 29 Apr 2013 08:00pm EDT 

Axis Real Estate Investment Trust announced that it has proposed authority to allot and issue up to 90,762,819 new units in axis-reit, representing up to 19.88% of the existing issued fund size of axis-reit of 456,517,221 units (proposed authority 1) to facilitate a placement exercise (proposed placement) (ii) proposed increase in the existing issued fund size of axis-reit from 456,517,221 units up to a maximum of 547,280,040 units pursuant to the proposed authority 1 (proposed increase in fund size 1) (iii) proposed subscription of new units under the proposed placement by the interested persons (iv) proposed authority to allot and issue up to 2,000,000 new units for the purpose of the payment of management fee to axis reit managers berhad in the form of new units (proposed authority 2); and (v) proposed increase in the approved fund size of axis-reit as enlarged by the implementation of the proposed authority 1 and the corresponding proposed increase in fund size 1, or the existing issued fund size of axis-reit if the proposed authority 1 and the corresponding proposed increase in fund size 1 are not implemented (as the case may be) by a maximum of 2,000,000 units pursuant to the proposed authority 2. 

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