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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): FUND RAISING HEKTAR REAL ESTATE INVESTMENT TRUST (“HEKTAR REIT”) RENOUNCEABLE RIGHTS ISSUE OF 80,000,250 NEW UNITS IN HEKTAR REIT (“RIGHTS UNITS”) ON THE BASIS OF ONE (1) RIGHTS UNIT FOR EVERY FOUR (4) EXISTING UNITS HELD IN HEKTAR REIT ("RIGHTS ISSUE")

Published : 24 Sep 2012
Announced : 24 Sep 2012

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionHEKTAR REAL ESTATE INVESTMENT TRUST ("HEKTAR REIT")

RENOUNCEABLE RIGHTS ISSUE OF 80,000,250 NEW UNITS IN HEKTAR REIT ("RIGHTS UNITS") ON THE BASIS OF ONE (1) RIGHTS UNIT FOR EVERY FOUR (4) EXISTING UNITS HELD IN HEKTAR REIT ("RIGHTS ISSUE")

We refer to the announcements dated 8 December 2011, 20 January 2012, 15 May 2012, 28 May 2012, 15 June 2012, 20 June 2012, 5 July 2012, 15 August 2012 and 30 August 2012 respectively in relation to, amongst others, the Rights Issue (collectively referred to as the “Earlier Announcements”) and Rights Issue Prospectus dated 3 September 2012 (“Rights Issue Prospectus”). Unless otherwise stated, all definitions used in this announcement shall carry the same meaning as defined in the Earlier Announcements and Rights Issue Prospectus.

On behalf of the Board, ECM Libra is pleased to announce that as at the close of acceptance and payment for the Rights Issue at 5.00 p.m. on 19 September 2012 (“Closing Date”), Hektar REIT had received valid acceptances and excess applications for a total of 92,350,055 Rights Units, representing a subscription rate of 115.44% of the total number of Rights Units available for subscription under the Rights Issue.

The details of valid acceptances and excess applications of Rights Units received as at the Closing Date are as follows:

No. of Rights Units% 
Total valid acceptances79,148,56098.94
Total valid excess applications13,201,49516.50
Total valid acceptance and excess applications92,350,055115.44
Total available for subscription80,000,250100.00
Over-subscription12,349,800515.44

The excess Rights Units will be allotted in the manner as stated in the Rights Issue Prospectus.
The Rights Units are expected to be listed and quoted on the Main Market of Bursa Securities on 2 October 2012.

This announcement is dated 24 September 2012.