Charter Hall Retail Management (ASX:CQR) has successfully completed the Unit Purchase Plan in connection with CQR’s $150 million institutional placement.
The total amount raised under the plan was around $14,733,137, with 3,266,771 “New Units” to be issued to eligible applicants on Thursday May 9 at an issue price of $4.51 per unit.
The amount raised exceed the expected $10 million and all applications will be satisfied in full.
New Units will rank equally with existing fully paid units and will carry the same voting rights and entitlements to receive distributions.
Shares in Charter Hail REIT (ASX:CQR) are trading 0.99 per cent lower at $4.50.