Reference is made to Bursa Malaysia Securities Berhad (“Bursa Securities”)'s letter dated 2 June 2022 in relation to the Approved Manager's Units and AME REIT’s prospectus dated 17 August 2022 (“Prospectus”). Unless otherwise stated, words and phrases used in this announcement shall have the same meaning as defined in the Prospectus. 

For the period from 1 January 2024 to 31 March 2024, the Manager has elected to receive its management fees via new units in AME REIT (“Units”). Based on the issue price of RM1.3954 per Unit, being the 5-day volume weighted average price of AME REIT (“5-Day VWAP”) up to and including 23 April 2024, 782,922 new Units will be issued to the Manager as management fees (“Issuance”). The details of the management fees are calculated as follows:

Based on the Record of Depositors as at 23 April 2024, the public unitholding spread of AME REIT stood at 33.84% (Note 2). AME REIT shall comply with the requirement of Paragraph 8.02(1) of Main Market Listing Requirements of Bursa Securities of at least 25% of its total listed units after the Issuance (Note 3).

Notes:

1. Calculated based on the Management Fees payable to the Manager over the 5-Day VWAP of RM1.3954 per Unit up to and including 23 April 2024.

2. Percentage calculated based on total listed units of 524,782,121 units as at 23 April 2024.

3. Subject to any unforeseen circumstances, once 782,922 Units are listed and quoted, which represent 0.15% calculated based on the then total listed units of 525,565,043 units after the Issuance, the pro forma public unitholding spread of AME REIT shall decrease to 33.79%.

This Announcement is dated 25 April 2024.