MULTIPLE PROPOSALS PAVILION REAL ESTATE INVESTMENT TRUST ("PAVILION REIT") (I) PROPOSED ACQUISITION; (II) PROPOSED ISSUANCE OF CONSIDERATION UNITS TO REGAL PATH; (III) PROPOSED PLACEMENTS; AND (IV) PROPOSED PLACEMENT TO EPF. (COLLECTIVELY REFERRED TO AS "PROPOSALS")
| PAVILION REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | PAVILION REAL ESTATE INVESTMENT TRUST ("PAVILION REIT")
(I) PROPOSED ACQUISITION;
(II) PROPOSED ISSUANCE OF CONSIDERATION UNITS TO REGAL PATH;
(III) PROPOSED PLACEMENTS; AND
(IV) PROPOSED PLACEMENT TO EPF.
(COLLECTIVELY REFERRED TO AS "PROPOSALS") |
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Unless otherwise defined, the definitions for capitalised terms as set out in the announcements dated 22 November 2022, 25 November 2022, 10 February 2023, 2 March 2023, 22 March 2023, 2 May 2023, 15 May 2023, 17 May 2023 and 31 May 2023 in relation to the Proposals and the circular to the unitholders of Pavilion REIT dated 7 March 2023 shall apply herein.
On behalf of the Board, the Joint Principal Advisers wish to announce that the Tranche 1 Placement has been completed following the listing of and quotation for 590,163,900 Placement Units on the Main Market of Bursa Securities on 1 June 2023. Based on the Placement Issue Price of RM1.22 per Placement Unit, the gross proceeds raised from the Tranche 1 Placement are approximately RM720 million.
With the listing of the Placement Units, the enlarged total number of issued Units is 3,648,920,353.
Following thereto, on behalf of the Board, the Joint Principal Advisers wish to announce that in accordance with the terms and conditions of the SPA, the Proposed Acquisition has been completed today.
This announcement is dated 1 June 2023. |
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Announcement Info
| Company Name | PAVILION REAL ESTATE INVESTMENT TRUST |
| Stock Name | PAVREIT |
| Date Announced | 01 Jun 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-01062023-00014 |