|ATRIUM REAL ESTATE INVESTMENT TRUST|
ATRIUM REAL ESTATE INVESTMENT TRUST ("ATRIUM REIT") (I) PROPOSED ACQUISITION 1; (II) PROPOSED ACQUISITION 2; (III) PROPOSED PLACEMENT; AND (IV) PROPOSED RIGHTS ISSUE (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
The terms used herein shall have the same meaning as those defined in the announcement made on 12 February 2019 unless otherwise stated.
We refer to Atrium REIT’s previous announcements in relation to the Proposals.
On behalf of the Board of the Manager, UOBKH wishes to announce that in respect of Proposed Acquisition 2, the SC has vide its letter dated 23 April 2019 approved a temporary waiver from the requirement of Paragraph 8.10(d) of the Guidelines on Listed Real Estate Investment Trusts (“Temporary Waiver”) which states that, where a real estate investment trust (“REIT”) acquires a real estate through a lease arrangement with a remaining lease period of less than 30 years, the total asset value (“TAV”) of the investment must not exceed 25% of the REIT’s TAV at the point of acquisition.
The Temporary Waiver is for a period of up to 9 months from the completion of Proposed Acquisition 2.
This announcement is dated 23 April 2019.
|Company Name||ATRIUM REAL ESTATE INVESTMENT TRUST|
|Date Announced||23 Apr 2019|
|Category||General Announcement for PLC|