Centuria Property Funds No.2 Limited (CPF2L), as Responsible Entity of Centuria Industrial REIT (CIP), is pleased to announce the successful completion of the fully underwritten institutional placement announced on 27 June 2019 (Placement), raising $70 million through the issue of approximately 23 million new CIP units (New Units) at an issue price of $3.05 per New Unit.
The New Units will settle on Tuesday, 2 July 2019, with allotment and normal trading to occur on Wednesday, 3 July 2019. New Units will rank equally with exsiting CIP units, however as they are issued after the record date for the distribution for the quarter ending 30 June 2019, they will not be entitled to that distribution.
CIP confirms that, pursuant to ASX Listing Rule 7.1, the Placement is within CIP’s existing 15% placement capacity and does not require unitholder approval.
For more information, download the attached PDF.
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