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CROMWELL PROPERTY GROUP — Capital/Financing Update 2022
Mar 24, 2022
64673_rns_2022-03-24_58b0af13-5881-4e29-96b3-caf51390084e.pdf
Capital/Financing Update
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ASX Announcement 25 March 2022
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SUSPENSION OF DISTRIBUTION REINVESTMENT PLAN
In accordance with ASX Listing Rule 3.10.8, Cromwell Property Group (ASX:CMW) (Cromwell) today announces the suspension of its distribution reinvestment plan (DRP) in respect of the March 2022 quarter distribution.
Under Rule 13 of the DRP rules, the Cromwell Board may suspend the DRP at any time. The Cromwell Board has made the decision to suspend the DRP because it considers, having regard to a number of relevant factors including the fact that Cromwell’s stapled security price is currently below the per stapled security NTA (net tangible assets), it is not in the interests of Cromwell’s securityholders as a whole for stapled securities to be issued under the DRP.
The quarterly distribution for the quarter ended 31 March 2022 will be paid to securityholders in cash.
No action is required by securityholders. Should the suspension of the DRP be lifted, each securityholder’s existing DRP status will be reinstated.
A copy of the DRP rules can be accessed on Cromwell’s website at: www.cromwellpropertygroup.com/securityholder-centre/distribution-reinvestment-plan
Authorised for lodgement by Michael Wilde (Chief Financial Officer) and Lucy Laakso (Company Secretary and Corporate Counsel).
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For investor relations: For retail securityholders: For media: Libby Langtry Cromwell’s Investor Services Team Brendan Altadonna Cromwell Property Group 1300 268 078 GRACosway +61 2 8278 3690 +61 7 3225 7777 +61 409 919 891 [email protected] [email protected] [email protected]
ABOUT CROMWELL PROPERTY GROUP
Cromwell Property Group (ASX:CMW) is a real estate investor and fund manager with operations on three continents and a global investor base. Cromwell is included in the S&P/ASX200. As at 31 December 2021, Cromwell had a market capitalisation of $2.3 billion, an Australian investment portfolio valued at $3.1 billion and total assets under management of $12.1 billion across Australia, New Zealand and Europe.
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