Rural Funds Management Limited, the responsible entity and manager of the Rural Funds Group, is pleased to announce the successful completion of its fully underwritten, 3 for 10 accelerated pro rata non-renounceable Entitlement Offer announced to the market on 12 July 2018.
The retail component of the entitlement offer (Retail Entitlement Offer), under which eligible retail unitholders were able to participate, closed on Wednesday, 1 August 2018 raising approximately $108 million. Existing retail unitholders took up approximately $42 million, with the remainder to be allocated to various institutional investors who sub-underwrote the Retail Entitlement Offer.
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