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CHARTER HALL LONG WALE REIT — Capital/Financing Update 2021
May 17, 2021
64662_rns_2021-05-17_5b59b372-8493-473c-9d0b-70e0d65d9636.pdf
Capital/Financing Update
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18 May 2021
Charter Hall WALE Limited ACN 610 772 202 AFSL 486721 Level 20, No.1 Martin Place Sydney NSW 2000 GPO Box 2704 Sydney NSW 2001 T +61 2 8651 9000 F +61 2 9221 4655
The Manager Market Announcements Office Australian Securities Exchange Level 4, 20 Bridge Street Sydney NSW 2000
Attention: Alex Sutton Adviser, Listings Compliance (Sydney) CC: Adrian Smythe Manager, Listings Compliance (Sydney) By email: [email protected] [email protected] [email protected]
Dear Mr Sutton
Charter Hall Long WALE REIT (ASX: CLW)
Notice under Section 1012DAA(2)(f) of the Corporations Act 2001 (Cth) – Cleansing Statement This notice is given by Charter Hall WALE Limited (ABN 20 610 772 202), in its capacity as responsible entity ( Responsible Entity ) of the managed investment schemes comprising Charter Hall Long WALE REIT ( CLW ) under section 1012DAA(2)(f) of the Corporations Act 2001 (Cth), as modified by ASIC Corporations (Non-Traditional Rights Issues) Instrument 2016/84 (the Act ).
CLW comprises the Charter Hall Direct Industrial Fund (ARSN 144 613 641) ( DIF ) and LWR Finance Trust (ARSN 614 713 138) ( Finance Trust ). Stapled securities of CLW each comprise one ordinary unit in each of DIF and the Finance Trust ( CLW Stapled Securities ).
CLW today announced an accelerated non-renounceable entitlement offer to eligible securityholders to subscribe for 1 new fully paid CLW Stapled Security ( New Security ) for every 10.68 existing CLW Stapled Securities held as at 7:00pm (Sydney time) on Thursday, 20 May 2021 to raise approximately $250 million ( Entitlement Offer ). Each New Security will be issued at an issue price of $4.65. The Responsible Entity confirms that:
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1 the New Securities will be offered for issue by the Responsible Entity without a product disclosure statement for the New Securities being prepared;
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2 this notice is being given under section 1012DAA(2)(f) of the Act;
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3 as a disclosing entity, the Responsible Entity, in its capacity as responsible entity of each of DIF and the Finance Trust, and issuer of the New Securities, is subject to regular reporting and disclosure obligations;
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4 as at the date of this notice, the Responsible Entity has complied with:
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(a) the provisions of Chapter 2M of the Act as they apply to each of DIF and the Finance Trust; and
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(b) section 674 of the Act as it applies to each of DIF and the Finance Trust; and
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5 as at the date of this notice, there is no excluded information of the type referred to in sections 1012DAA(8) and 1012DAA(9) of the Act; and
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6 in respect to section 1012DAA(7)(f) of the Act, the potential effect of the issue of the New Securities pursuant to the Entitlement Offer on the control of CLW and the consequences of that effect will depend on a number of factors, including the extent to which eligible securityholders take up New Securities under the Entitlement Offer.
As at the date of this notice, Charter Hall Group ( CHC ) (through a nominee entity), holds approximately 11.5% of the CLW Stapled Securities currently on issue. CHC has committed to take up all of its entitlements under the institutional tranche of the Entitlement Offer.
Yours sincerely,
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Charisse Nortjé Company Secretary
Charter Hall Long WALE REIT (ASX: CLW)
Charter Hall Long WALE REIT is an Australian Real Estate Investment Trust (REIT) listed on the ASX and investing in high quality Australasian real estate assets that are predominantly leased to corporate and government tenants on long term leases.
Charter Hall Long WALE REIT is managed by Charter Hall Group (ASX:CHC). With over 29 years' experience in property investment and funds management, we're one of Australia's leading fully integrated property groups. We use our property expertise to access, deploy, manage and invest equity across our core sectors - office, industrial & logistics, retail and social infrastructure.
Operating with prudence, we've carefully curated a $46.4 billion diverse portfolio of 1,395 high quality, long leased properties. Partnership and financial discipline are at the heart of our approach. Acting in the best interest of customers and communities, we combine insight and inventiveness to unlock hidden value. Taking a long-term view, our $6.6 billion development pipeline delivers sustainable, technologically enabled projects for our customers.
The impacts of what we do are far-reaching. From helping businesses succeed by supporting their evolving workplace needs, to providing investors with superior returns for a better retirement, we're powered by the drive to go further.
For further enquiries, please contact For investor enquiries, please contact For media enquiries, please contact Avi Anger Philip Cheetham Adrian Harrington Fund Manager Head of Listed Investor Relations Head of Capital and Product Development Charter Hall Long WALE REIT Charter Hall Charter Hall T +61 2 8651 9111 T +61 403 839 155 T + 61 410 489 072 [email protected] [email protected] [email protected]
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