Rural Funds Management Limited (“RFM”), the responsible entity and manager of Rural Funds Group (“RFF”), advises the successful completion of the institutional component of its fully underwritten 1 for 8.4 accelerated pro-rata non-renounceable entitlement offer (“Institutional Entitlement Offer”) announced to the market on 8 July 2021, raising approximately $30 million. The retail component of the entitlement offer (“Retail Entitlement Offer”) will raise a further approximately $70 million, taking the total size of the entitlement offer to approximately $100 million (“Equity Raising”).
New units will be issued at a fixed price of $2.47 per unit in RFF and will rank equally with existing units from allotment.
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