Centuria Property Funds Limited (CPFL), as Responsible Entity for the Centuria Metropolitan REIT (CMA), is pleased to announce the successful completion of the following components of the underwritten1 equity raising to raise approximately $273 million (Equity Raising) announced on 18 September 2019:
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the institutional placement which raised approximately $141 million (Institutional Placement); and
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the institutional component of the 1 for 10 accelerated non-renounceable entitlement offer which raised approximately $65.4 million (Institutional Entitlement Offer).
The retail component of the entitlement offer (Retail Entitlement Offer) will open on 24 September 2019 and is expected to raise approximately $36.5 million. The Equity Raising also comprises a conditional placement of $30 million to Centuria Capital Group (CNI), which is subject to CMA securityholder approval (Conditional Placement).
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