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ARENA REIT. — Capital/Financing Update 2015
Feb 25, 2015
64418_rns_2015-02-25_fec70197-21d2-49fb-8731-2cdf2a4a7826.pdf
Capital/Financing Update
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ASX Announcement 26 February 2015
COMPLETION OF $25 MILLION INSTITUTIONAL PLACEMENT
Arena REIT today announced that it had successfully completed a fully underwritten placement to institutional and professional investors of approximately 15.62 million stapled securities at a price of $1.60 per stapled security raising approximately $25 million ( Placement ).
Settlement of the new stapled securities issued under the Placement will occur on 10 March 2015. New stapled securities issued under the Placement will be allotted and commence trading on 11 March 2015.
Following the successful completion of the Placement, Arena REIT stapled securities will recommence trading on the ASX today.
As foreshadowed in the announcement of 25 February 2015, funds advised by Morgan Stanley Real Estate Investing ( MSREI ) have also successfully sold down its 12.7% stake in Arena REIT to a range of institutional and professional investors at $1.60 per stapled security.
The Placement and sell down of MSREI’s stake was conducted by Morgan Stanley Securities Limited ( Morgan Stanley ). The Placement was fully underwritten by Morgan Stanley. Arena REIT was also advised by Fort Street Advisers.
Should you have any questions, please contact Arena Investor Services on 1800 008 494 or email [email protected]
Media enquiries: Investor enquiries: Bryce Mitchelson Arena Investor Services Managing Director 1800 008 494 (Freecall within Australia) +61 408 275 375 +61 3 9093 9017 [email protected] [email protected]
About Arena REIT
Arena REIT (ARF) is an ASX 300 listed real estate investment group investing in Australian social infrastructure property, including childcare and medical centres leased on a long term basis. To find out more, please visit us at www.arena.com.au
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Arena REIT Limited (ACN 602 365 186) Arena REIT Management Limited (ACN 600 069 761) AFSL No. 465754 as responsible entity of Arena REIT No. 1 (ARSN 106 891 641) and Arena REIT No. 2 (ARSN 101 067 878) 71 Flinders Lane Locked Bag 32002 Collins Street East Melbourne VIC 3000 Melbourne VIC 8003 www.arena.com.au [email protected]
Locked Bag 32002 Collins Street East T +61 3 9093 9000 Melbourne VIC 8003 Freecall 1800 008 494 [email protected] F +61 3 9093 9093