Axis REIT Plans To Issue 247,457,057 New Units Under Manager’s Proposed Placement
Axis REIT disclosed its plan to issue new units for the repayment of its existing bank financing.
The Proposed Placement involves an issuance of up to 247,457,057 new Units, representing up to 20% of the total issued Units of 1,237,285,288 Units as at the LPD.
The actual number of Placement Units to be issued under the Proposed Placement will be determined at a later stage by the Manager, in consultation with the placement agent(s) to be appointed for the Proposed Placement, at a price-fixing date to be determined after the relevant approvals have been obtained. In any event, the number of Placement Units to be issued will not exceed 247,457,057 Placement Units.