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Centuria Capital's Investor Presentation: Proposal to acquire Augusta Capital Limited and $60m Placement


Centuria Capital Group (ASX:CNI or Centuria) announces:

  • Centuria is to make a takeover offer to acquire one of New Zealand’s largest listed real estate funds management platforms, Augusta Capital Limited for NZ$180 million (A$174 million)
  • If successful, Centuria AUM to increase by A$1.9 billion to A$9.2 billion representing a 26% increase
  • Augusta shareholders will be offered NZ$2.00 per share (adjusted for distributions) in either cash or Centuria scrip via a “Mix and Match” facility
  • Augusta shareholders holding 36.2% of Augusta (including the two founders/key executives) have entered into pre bid lock up agreements and have agreed to accept the Offer
  • Centuria to fund the transaction from existing cash reserves, scrip and the net proceeds of a $60 million equity raising at A$2.34 per Centuria security
  • FY20 EPS guidance of 12.5 cents per security

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