|ATRIUM REAL ESTATE INVESTMENT TRUST|
|Subject||NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
ATRIUM REAL ESTATE INVESTMENT TRUST ("ATRIUM REIT") 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 the abridged prospectus dated 30 August 2019 (“Abridged Prospectus”) and the previous announcements in relation to the Rights Issue. The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the Abridged Prospectus, where applicable.
On behalf of the Board of the Manager, UOBKH wishes to announce that as at the close of acceptance, excess application and payment for the Rights Issue at 5.00 p.m. on Thursday, 19 September 2019, the total acceptances and excess applications for the Rights Issue were 60,603,498 Units, which represents an over-subscription of 3.66% over the total number of Units available for subscription under the Rights Issue. Based on the total acceptances and excess applications, the proceeds raised from the Rights Issue amounts to approximately RM59.63 million.
The details of the subscription are set out below:-
The Board has applied the following basis in allocating the Excess Rights Units in accordance with the Abridged Prospectus:-
In the event of any remaining Excess Rights Units after steps (1) to (4) have been carried out, steps (2) to (4) will be repeated until all remaining Excess Rights Units have been allocated.
Nevertheless, the Board reserves the right to allot any Excess Rights Units applied for in such manner as the Board deems fit and expedient in the best interest of Atrium REIT subject always to such allocation being made on a fair and equitable basis, and that the intention of the Board as set out in steps (1) to (4) above are achieved.
The Rights Units are expected to be listed and quoted on the Main Market of Bursa Securities on 30 September 2019.
This announcement is dated 24 September 2019.
|Company Name||ATRIUM REAL ESTATE INVESTMENT TRUST|
|Date Announced||24 Sep 2019|
|Category||General Announcement for PLC|