Rural Funds Management Limited (“RFM”), the responsible entity and manager of the Rural Funds Group (“RFF”) advises the successful completion of the institutional component of its fully underwritten 3 for 10 accelerated non-renounceable entitlement offer (“Institutional Entitlement Offer”) announced to the market on 12 July 2018, raising approximately $42 million. The retail component of the entitlement offer (“Retail Entitlement Offer”) will raise a further approximately $108 million, taking the total size of the entitlement offer to $149.5 million (“Equity Raising”).
New units will be issued at a fixed price of $1.95 per unit in RFF and will rank equally with existing units from allotment.
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