| Contents |
:
|
(Unless
stated otherwise, definitions used in this announcement shall carry the
same meaning as defined in the announcement dated 15 January 2010)
We refer to the previous announcements in relation to the Proposals, the latest of which was on 26 April 2010.
ECM Libra Investment Bank Berhad ("ECM Libra") on behalf of the Board
of Directors of AmanahRaya - REIT Managers Sdn Bhd, the management
company of AmanahRaya REIT ("ARRM" or the "Manager") is pleased to
announce that the Securities Commission ("SC") had via its letter dated
28 April 2010 approved the variation to the SC's terms of approval for
the variation to paragraph 14.04(a)(ii) of the Guidelines on Real
Estate Investment Trusts as varied by the SC in its approval letter
dated 24 March 2010, to allow the Board of Directors of ARRM to place
up to 20% of the placement size to a single placee, where the placee
shall be institutional investors ("Proposed Variation to SC Terms").
The approval of the SC for the Proposed Variation to SC Terms is subject to the following terms and conditions:
(i) Save for the placement of RM17 million worth of New Units (1) to
Kumpulan Wang Bersama, the number of New Units to be placed to a single
placee will be capped at not more than 10% of the New Units to be
issued, except for the placement of units to three (3) institutional
placees which will be capped at not more than 20% of the New Units to
be issued.
Note: (1) "New Units" refers to the proposed issuance of up to
159,731,544 new units of AmanahRaya REIT approved by the SC in the
letter dated 24 March 2010.
(ii) ARRM is required to inform all Unitholders of AmanahRaya REIT
(prior to the listing of the units) the following information:
(a) Final list of placees;
(b) Actual number and percentage of New Units allocated to each placee; and
(c) Final issue price of the New Units.
This announcement is dated 28 April 2010. |
|
