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(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 19 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 Board of Directors of ARRM had on 23 April 2010
resolved to fix the issue price of the Placement Units to be issued
pursuant to the Proposed Placement at RM0.84 per Placement Unit.
Pursuant thereto, the number of Placement Units to be issued pursuant
to the Proposed Placement will be 141,666,667 Placement Units.
The issue price of the aforesaid Placement Units was arrived at after
taking into account the bids received during the bookbuilding exercise.
The issue price is at a 6.3% discount to the 5-day weighted average
market price of AmanahRaya REIT Units up to 23 April 2010 of RM0.8968
per Unit.
Further to the above, reference is made to the Unitholders' Meeting
held on 19 April 2010, whereby the Unitholders of AmanahRaya REIT were
briefed on the possibility of allocating more than 10% but not more
than 20% of the placement size to a single placee, subject to approval
being sought and obtained from the Securities Commission ("SC"). In
this regard, applications have been made on behalf of the Board of
Directors of the Manager to the SC on 26 April 2010 (which was pursuant
to ECM Libra's letters to the SC on behalf of the Board of Directors of
ARRM dated 21 April 2010 and 23 April 2010) for 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 decision of which is still pending.
The successful allotment and issuance of the Placement Units will be
effected after the price-fixing date but subject to the SC's decision
on the Proposed Variation to SC Terms.
This announcement is dated 26 April 2010. |
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