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Asset Plus Limited Capital/Financing Update 2019

Dec 17, 2019

66154_rns_2019-12-18_e7585e14-01ed-4521-8968-a50bf97234a7.pdf

Capital/Financing Update

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NZX RELEASE

18 December 2019

Settlement of sale of Heinz Wattie’s Distribution Centre

Asset Plus is pleased to confirm that the sale of the Heinz Wattie’s Distribution Centre in Hastings has successfully settled on 17 December 2019. Asset Plus had agreed to underwrite the purchaser’s capital raising. No call was made on the underwrite and a fee of $487,500 has been received.

Following settlement, $27.5 million of the net sale proceeds has been applied towards debt repayment.

-ENDS-

For further information, contact:

Bruce Cotterill Chairman, Asset Plus Limited

Mark Francis Managing Director, Augusta Funds Management Limited, Manager of Asset Plus Limited