AXREIT
Subdivision
| AXIS REAL ESTATE INVESTMENT TRUST |
| EX-date | 04 Sep 2015 |
| Entitlement date | 08 Sep 2015 |
| Entitlement time | 05:00 PM |
| Entitlement subject | Subdivision |
| Entitlement description | Unit split involving the subdivision of every one (1) existing unit in Axis Real Estate Investment Trust ("Axis-REIT") held by the entitled unitholders of Axis-REIT ("Entitled Unitholders") as at 5.00 p.m. on 8 September 2015 ("Entitlement Date"), into two (2) units in Axis-REIT ("Subdivided Units") |
| Period of interest payment | to |
| Financial Year End | |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| Registrar or Service Provider name, address, telephone no | SYMPHONY SHARE REGISTRARS SDN BHD Level 6, Symphony House Block D13, Pusat Dagangan Dana 1 Jalan PJU 1A/46 47301 Petaling Jaya Tel: +603-7849 0777 Fax: +603-7841 8151 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 08 Sep 2015 |
| b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit | |
| c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. | |
| Number of new shares/securities issued (units) (If applicable) | |
| Entitlement indicator | Ratio |
| Ratio | 2 : 1 |
| Rights Issue/Offer Price | |
| Par Value | Malaysian Ringgit (MYR) |
| Remarks : |
The date of listing of and quotation for the Subdivided Units on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") shall be 9 September 2015, being the next market day immediately after the Entitlement Date.
On 3 August 2015, the Board of Directors of Axis REIT Managers Berhad announced the quarterly results of Axis-REIT for the financial period ended 30 June 2015, and proposed a Second Interim Income Distribution of 4.30 sen per unit (of which 4.20 sen per unit is taxable and 0.10 sen per unit is non-taxable in the hands of unitholders of Axis-REIT ("Unitholders")) in respect of the period from 1 April 2015 to 30 June 2015.
The Second Interim Income Distribution will be paid on 11 September 2015 to the Unitholders whose names appear in the record of depositors of Axis-REIT as at 5.00 p.m. on 17 August 2015.
As the entitlement date of the Second Interim Income Distribution was prior to the date of allotment of the Subdivided Units which will take place on 8 September 2015, the Subdivided Units shall not be entitled to the Second Interim Income Distribution.
The share registrar of Axis-REIT will issue and despatch the notices of allotment for the Subdivided Units to the Entitled Unitholders within four (4) market days from the date of listing of and quotation for the Subdivided Units on the Main Market of Bursa Securities.
This announcement is dated 24 August 2015. |
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 24 Aug 2015 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-24082015-00024 |