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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING HEKTAR REAL ESTATE INVESTMENT TRUST ("HEKTAR REIT") PROPOSED PRIVATE PLACEMENT OF UP TO 23,098,000 NEW UNITS IN HEKTAR REIT, REPRESENTING UP TO 5% OF ITS TOTAL ISSUED UNITS ("PROPOSED PRIVATE PLACEMENT")

HEKTAR REAL ESTATE INVESTMENT TRUST

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
HEKTAR REAL ESTATE INVESTMENT TRUST ("HEKTAR REIT")

PROPOSED PRIVATE PLACEMENT OF UP TO 23,098,000 NEW UNITS IN HEKTAR REIT, REPRESENTING UP TO 5% OF ITS TOTAL ISSUED UNITS ("PROPOSED PRIVATE PLACEMENT")

Unless otherwise stated, abbreviations and definitions used throughout this announcement shall be the same as those previously defined in the announcement dated 15 November 2021 in relation to the Proposed Private Placement ("Announcement").

We refer to the announcements dated 15 November 2021 and 23 November 2021 in relation to the Proposed Private Placement.

On behalf of the Board, KAF IB is pleased to announce that Bursa Securities had, vide its letter dated 25 November 2021, approved the listing of and quotation for up to 23,098,000 Placement Units to be issued pursuant to the Proposed Private Placement subject to the following conditions:-

(i) HEKTAR and KAF IB must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Private Placement;

(ii) KAF IB to inform Bursa Securities upon the completion of the Proposed Private Placement;

(iii) KAF IB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed;

(iv) KAF IB to furnish Bursa Securities with a certified true copy of the resolution passed by the unitholders pursuant to Paragraph 6.59 of the Listing Requirement at the forthcoming general meeting, in the event the existing authority has expired prior to the full implementation of the Proposed Private Placement; and

(v) Payment of outstanding additional listing fee based on the market value of the new units to be listed, if applicable together with a copy of the details of the computation of the amount of listing fee payable.

This announcement is dated 26 November 2021.






Announcement Info

Company Name HEKTAR REAL ESTATE INVESTMENT TRUST
Stock Name HEKTAR
Date Announced 26 Nov 2021
Category General Announcement for PLC
Reference Number GA1-26112021-00025


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