AIMS APAC Reit reports nearly 70% valid acceptances under preferential offering

The preferential offering ended on 22 June 2023.

There is a total of 17,547,060 (69.15%) valid acceptances and 34,238,588 (134%) excess applications, which in total represents 204.07% of the total number of New Units available under the Preferential Offering, AIMS APAC Reit said.

“The New Units which were not validly accepted will be allotted to satisfy applications for Excess New Units. In the allotment of Excess New Units, preference will be given to the rounding of odd lots,” read the statement.

“The Manager, directors of the Manager, and substantial unitholders who has control or influence over AA REIT or the Manager in connection with the day-to-day affairs of AA REIT or the Manager or the terms of the Preferential Offering, or have representation (direct or through a nominee) on the board of Directors will rank last in priority for the rounding of odd lots and allotment of Excess New Units,” it added.

A total of 25,376,361 new units will be issued in relation to the Preferential Offering at the issue price of $1.189 per New Unit to raise gross proceeds of approximately $30 million. 

Together with the gross proceeds of approximately $70m raised from the private placement, gross proceeds of a total of approximately $100m have been raised from the equity fund raising.

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