Bursa Announcements

Date : 17 October 2019

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS ATRIUM REAL ESTATE INVESTMENT TRUST (ATRIUM REIT) PROPOSED ACQUISITION 1

ATRIUM REAL ESTATE INVESTMENT TRUST

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
ATRIUM REAL ESTATE INVESTMENT TRUST (ATRIUM REIT)

PROPOSED ACQUISITION 1

Unless otherwise stated, the terms used herein shall have the same meaning as defined in Atrium REITís circular to unitholders dated 17 May 2019 (ďCircularĒ) in relation to Proposed Acquisition 1.

 

We refer to our announcement dated 12 February 2019 and the Circular in relation to the Option Agreement to enter into SPA 1 for the proposed acquisition of Property 1 from Lumileds for a cash consideration of RM50.0 million.

 

In relation thereto, on behalf of the Board, we wish to inform that the Trustee has on 17 October 2019 exercised the Call Option under the Option Agreement following the obtainment of the CCC/CFO for Property 1 by Lumileds. The Trustee shall proceed to enter into SPA 1 with Lumileds pursuant to the exercise of the Call Option. The salient terms and conditions of SPA 1 remain the same as disclosed in the Circular.

 

 

This announcement is dated 17 October 2019.






Announcement Info

Company Name ATRIUM REAL ESTATE INVESTMENT TRUST
Stock Name ATRIUM
Date Announced 17 Oct 2019
Category General Announcement for PLC
Reference Number GA1-17102019-00068


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