|ATRIUM REAL ESTATE INVESTMENT TRUST|
|Subject||NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
RENOUNCEABLE RIGHTS ISSUE OF 58,464,480 NEW UNITS IN ATRIUM REIT ("RIGHTS UNIT(S)") ON THE BASIS OF 2 RIGHTS UNITS FOR EVERY 5 EXISTING ATRIUM REIT UNITS HELD AS AT 5.00 P.M. ON 30 AUGUST 2019 AT AN ISSUE PRICE OF RM1.02 PER RIGHTS UNIT ("RIGHTS ISSUE")
We refer to Atrium REITís previous announcements and the circular to Unitholders dated 17 May 2019 in relation to the Rights Issue (ďCircularĒ). Unless otherwise stated, the terms used herein shall have the same meaning as defined in the Circular.
On behalf of the Board, UOBKH wishes to announce that the Board had on even date resolved to fix the issue price of the Rights Units at RM1.02 per Rights Unit.
The issue price of RM1.02 per Rights Unit represents a discount of RM0.12 or approximately 10.53% to the TERP of RM1.14 per Unit based on the 5-day VWAP up to and including 15 August 2019, being the last trading day of the Units immediately preceding the price-fixing date, of RM1.19 per Unit.
Further, Atrium REIT Managers Sdn Bhd and Pacific Trustee Berhad had on 16 August 2019 entered into an underwriting agreement with UOBKH for the underwriting of 40,306,120 Rights Units, representing approximately 68.94% of the total Rights Units to be issued pursuant to the Rights Issue, for which no irrevocable undertaking has been obtained from other Unitholders.
This announcement is dated 16 August 2019.
|Company Name||ATRIUM REAL ESTATE INVESTMENT TRUST|
|Date Announced||16 Aug 2019|
|Category||General Announcement for PLC|