AI assistant
CENTURIA CAPITAL GROUP — Capital/Financing Update 2018
Oct 30, 2018
64677_rns_2018-10-30_bd1e5027-5181-4419-996e-b454f71af10f.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [593 x 85] intentionally omitted <==
Australian Securities Exchange - Company Announcements Platform
Centuria Capital Group Successful completion of entitlement offer
Sydney, 31 October 2018
Centuria Capital Group (ASX: CNI or Centuria ), is pleased to announce the successful completion of the accelerated non-renounceable entitlement offer ( Entitlement Offer ) announced on 10 October 2018.
The retail component of the Entitlement Offer ( Retail Entitlement Offer ) closed on 26 October 2018 raising approximately $28 million. This follows the successful completion of the institutional placement which raised $20 million and the institutional component of the Entitlement Offer which raised approximately $52 million, providing a total equity raising of $100 million ( Equity Raising ).
Under the Retail Entitlement Offer, eligible retail securityholders were able to apply for their entitlement as well as additional new securities in excess of their entitlement ( Additional Securities ). The Retail Entitlement Offer was well supported by existing retail securityholders who took up approximately $5.5 million. The remaining $22.5 million was allocated to various institutional investors who sub-underwrote the Retail Entitlement Offer.
Final settlement of the Retail Entitlement Offer will take place on 1 November 2018. Allotment of new securities issued under the Retail Entitlement Offer will occur on 2 November 2018 with trading to commence on the ASX on a normal settlement basis on 5 November 2018. Holding statements will be despatched on 5 November 2018.
The Equity Raising was underwritten by Moelis Australia. Shaw & Partners acted as Co-lead Manager on the Equity Raising and HWL Ebsworth is Legal Advisor to CNI.
- Ends -
For further information, please contact:
John McBain
Group CEO
Centuria Capital Group Phone: 02 8923 8910 Email: [email protected]
Media enquiries should be directed to:
==> picture [593 x 60] intentionally omitted <==
`
Miche Paterson
Newgate Communications Phone: 0400 353 762 Email: [email protected]
About Centuria Capital Group
Centuria Capital Group ( CNI ) is an ASX-listed specialist investment manager with $5.5 billion in assets under management. We offer a range of investment opportunities including listed and unlisted property funds as well as tax-effective investment bonds. Our drive, allied with our in-depth knowledge of these sectors and intimate understanding of our clients, allows us to transform opportunities into rewarding investments.