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CROMWELL PROPERTY GROUP — Capital/Financing Update 2012
Feb 1, 2012
64673_rns_2012-02-01_d5d9baa7-3c4e-44db-9c72-f46b6d3c98d9.pdf
Capital/Financing Update
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MARKET RELEASE
2 February 2012
Cromwell Property Group
TRADING HALT
The securities of Cromwell Property Group (the “Group”) will be placed in Trading Halt Session State at the request of the Group, pending the release of an announcement by the Group. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Monday, 6 February 2012 or when the announcement is released to the market.
Security Code:
CMW
Simon O’Brien Senior Adviser, Listings (Brisbane)
CMW2012.02.02mr_th-sjo
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1 February 2012
Simon O'Brien Senior Adviser, Listings (Brisbane) ASX Compliance Pty Limited Email: [email protected]
Dear Simon
CROMWELL PROPERTY GROUP – REQUEST FOR TRADING HALT
Pursuant to Listing Rule 17.1, Cromwell Property Group (ASX: CMW) ( Cromwell ) requests a trading halt be granted by ASX Limited ( ASX ) with respect to its stapled securities from the commencement of trading on Thursday 2 February 2012. The trading halt is requested in connection with a proposed material placement of securities to wholesale investors pursuant to a shortfall facility. The shortfall facility is part of the entitlement offer announced by Cromwell in November 2011. The results of the placement pursuant to the shortfall facility is expected to be announced by Cromwell before the commencement of trading on Monday, 6 February 2012.
The following information is provided in accordance with Listing Rule 17.1:
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Reason for trading halt – to avoid trading taking place on an uninformed basis and to allow the placement of securities to wholesale investors pursuant to the shortfall facility component of Cromwell’s November 2011 entitlement offer to take place in an orderly manner. The relevant wholesale investors are located in both Australia and in overseas jurisdictions.
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Duration of the trading halt – Cromwell expects that the trading halt will last until it makes an announcement to ASX concerning the outcome of the placement under the shortfall facility, which it expects to make before the commencement of trading on Monday, 6 February 2012.
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Termination of trading halt – Cromwell anticipates that the trading halt will cease upon the earlier of:
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a. its announcement to ASX concerning the outcome of the placement pursuant to the shortfall facility; and
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b. commencement of normal trading on Monday, 6 February 2012.
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No reason – Cromwell is not aware of any reason why the trading halt should not be granted.
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Further information – none.
Yours faithfully
CROMWELL PROPERTY GROUP
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NICOLE RIETHMULLER COMPANY SECRETARY
Cromwell Property Group (ASX:CMW) comprising Cromwell Corporation Limited ABN 44 001 056 980 and Cromwell Property Securities Limited ABN 11 079 147 809, AFSL 238052 as responsible entity for the Cromwell Diversified Property Trust ABN 30 074 537 051, ARSN 102 982 598.
Investors Call 1300 CROMWELL (1300 276 693) Tenants Call 1800 005 657 Phone +61 7 3225 7777 Web www.cromwell.com.au or Email [email protected] or Email [email protected] Fax +61 7 3225 7788 Head Office Level 19, 200 Mary Street, Brisbane QLD 4001 ME_96440712_1 (W2007)