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FINBAR GROUP LIMITED — Capital/Financing Update 2013
Mar 14, 2013
64943_rns_2013-03-14_ed65d98e-1789-4e56-bab7-66a916489a82.pdf
Capital/Financing Update
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ASX MARKET & MEDIA ANNOUNCEMENT
15 March 2013
DRP UNDERWRITING AGREEMENT
Perth, 15 March 2013: Western Australia’s leading apartment development company Finbar Group Limited (ASX:FRI) ( Finbar or the Company ) advises that the Company has today appointed Euroz Securities Limited as underwriter of the previously announced Interim Dividend, Dividend Reinvestment Plan ( DRP ).
This agreement has been entered into in accordance with the mandate previously provided by Shareholders and relates to a maximum of 50% or $3,759,431.03 of the DRP.
The management believes it is prudent to preserve cash where appropriate for deployment into new growth projects and is therefore a sensible form of capital management which will also continue to improve liquidity of Company securities in the market place.
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For further information, please visit www.finbar.com.au or contact:
Darren Pateman Anthony Hewett Managing Director Company Secretary Finbar Group Limited Finbar Group Limited Email: [email protected] Email: [email protected]
Finbar Group Limited, its controlled entities and its jointly controlled entities, is a property development company whose core business lies in the development of medium to high density residential apartments and commercial property within the Perth Metropolitan Area and the Pilbara within the State of Western Australia.