Bursa Announcements

Date : 17 May 2019

Circular/Notice to Shareholders

ATRIUM REAL ESTATE INVESTMENT TRUST

Subject CIRCULAR TO UNITHOLDERS IN RELATION TO THE:- (I) PUT AND CALL OPTION AGREEMENT BETWEEN PACIFIC TRUSTEES BERHAD ("TRUSTEE"), ON BEHALF OF ATRIUM REIT, AND LUMILEDS MALAYSIA SDN BHD ("LUMILEDS") FOR THE OPTION TO ENTER INTO A CONDITIONAL SALE AND PURCHASE AGREEMENT AND LEASEBACK AGREEMENT IN RESPECT OF 2 PIECES OF LEASEHOLD LAND KNOWN AS LOT NO. 2027 AND PLOT NO. 203, BOTH IN MUKIM 12, DAERAH BARAT DAYA, PULAU PINANG HELD UNDER PAJAKAN NEGERI 2850 AND H.S.(D) 14852 RESPECTIVELY, TOGETHER WITH THE FACTORY AND ALL BUILDINGS ERECTED THEREON FROM LUMILEDS FOR A CASH CONSIDERATION OF RM50.0 MILLION; (II) PROPOSED ACQUISITION AND SUB-LEASE BY THE TRUSTEE, ON BEHALF OF ATRIUM REIT, OF A LEASE ARRANGEMENT IN RESPECT OF A PIECE OF LEASEHOLD LAND KNOWN AS LOT NO. 70812, MUKIM 12, DAERAH BARAT DAYA, PULAU PINANG HELD UNDER PAJAKAN NEGERI 9036 TOGETHER WITH THE FACTORY AND ALL BUILDINGS ERECTED THEREON FROM LUMILEDS FOR A CASH CONSIDERATION OF RM130.0 MILLION; AND (III) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF 58,464,480 NEW UNITS IN ATRIUM REIT ("RIGHTS UNITS") ON THE BASIS OF 2 RIGHTS UNITS FOR EVERY 5 EXISTING UNITS IN ATRIUM REIT HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER


Please refer attachment below.



Announcement Info

Company Name ATRIUM REAL ESTATE INVESTMENT TRUST
Stock Name ATRIUM
Date Announced 17 May 2019
Category Document Submission
Reference Number DCS-17052019-00009


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