AXIS Real Estate Investment Trust: Employees Provident Fund Board Announces Substantial Shareholding Changes

Strategic Insights -

The Employees Provident Fund Board (EPF), a Malaysian government-linked pension fund, has made significant changes to its shareholdings in AXIS Real Estate Investment Trust (REIT). As of 03 September 2024, EPF acquired 303,300 units, while disposing of 269,700 units in the same company. This move has resulted in EPF holding 17.782% of the total outstanding units in AXIS REIT.

Key Takeaways:

  • EPF, a Malaysian government-linked pension fund, has made significant changes to its shareholdings in AXIS REIT.
  • As of 03 September 2024, EPF acquired 303,300 units and disposed of 269,700 units in AXIS REIT.
  • The transaction resulted in EPF holding 17.782% of the total outstanding units in AXIS REIT.
  • The changes were announced on 04 September 2024, with the notice being received by the listed issuer on 06 September 2024.
  • EPF's new total shareholding in AXIS REIT stands at 310,744,429 units, with 17.782% direct interest and an indirect and deemed interest.
  • Citigroup Nominees (Tempatan) Sdn Bhd is the nominee holder for EPF's shares in AXIS REIT.

Statistics:

  • EPF acquired 303,300 units of AXIS REIT on 03 September 2024.
  • EPF disposed of 269,700 units of AXIS REIT on 03 September 2024.
  • EPF's new direct interest in AXIS REIT is 17.782%.
  • EPF's total shareholding in AXIS REIT stands at 310,744,429 units.
  • The date of notice for the change was 04 September 2024.

Sources:

  • Bursa Malaysia Stock Exchange: Changes in Sub. S-hldr's Int (Section 138 of CA 2016) AXIS REAL ESTATE INVESTMENT TRUST