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HOMECO DAILY NEEDS REIT — Capital/Financing Update 2021
Jul 5, 2021
65046_rns_2021-07-05_02932805-853d-4ab4-9c0f-209b18c34fd1.pdf
Capital/Financing Update
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Managed by HMC Funds Management Limited (ACN 105 078 635; AFSL 237257) as responsible entity of the HomeCo Daily Needs REIT (ARSN 645 086 620)
ASX RELEASE
6 July 2021
NOT FOR RELEASE TO US WIRE SERVICES OR DISTRIBUTION OR RELEASE IN THE UNITED STATES
SUCCESSFUL COMPLETION OF $70 MILLION INSTITUTIONAL PLACEMENT
HMC Funds Management Limited (ACN 105 078 635) ( Responsible Entity ) as responsible entity for HomeCo Daily Needs REIT (ARSN 645 086 620) ( HDN ) is pleased to announce the successful completion of the fully underwritten institutional placement announced on Monday, 5 July 2021 ( Placement ), raising approximately $70 million through the issue of approximately 48.3 million new ordinary units in HDN ( New Units ) at an issue price of $1.45 per New Unit.
The proceeds from the Placement will be used to fund the acquisition and associated transaction costs of a 100% interest in Town Centre Victoria Point (QLD).
The Responsible Entity endeavoured to allocate New Units pro rata to existing unitholders eligible to participate in the Placement (and who submitted a bid for their entitlement), and otherwise allocated New Units to existing and new professional and institutional unitholders.
Chairman of the Responsible Entity, Simon Shakesheff said: " We are very pleased with the strong level of support from both existing and new investors in the institutional placement which is a great endorsement of our strategy and the acquisition of Town Centre Victoria Point .”
The Placement will settle on Thursday, 8 July 2021, with allotment and normal trading of the New Units to occur on Friday, 9 July 2021. New Units issued under the Placement will rank equally in all respects with existing ordinary units in HDN from the date of allotment. New Units will be taken into account in the calculation of entitlements to Bonus Units on the Bonus Unit Determination Date of 16 August 2021.
The Placement was undertaken utilising HDN's placement capacity under ASX Listing Rule 7.1 and does not require unitholder approval.
-ENDS-
19 Bay Street Double Bay NSW 2028 1300 466 326 [email protected]
HMC Funds Management Limited (ACN 105 078 635; AFSL 237257) as responsible entity of the HomeCo Daily Needs REIT (ARSN 645 086 620)
For further information, please contact:
INVESTORS
Misha Mohl
Head of Strategy and Investor Relations +61 422 371 575 [email protected]
Will McMicking Group Chief Financial Officer +61 451 634 991 [email protected]
MEDIA
John Frey Corporate Communications Counsel +61 411 361 361 [email protected]
Authorised for release by the Board of the Responsible Entity
About HomeCo Daily Needs REIT
HomeCo Daily Needs REIT is an Australian Real Estate Investment Trust listed on the ASX with a mandate to invest in convenience-based assets across the target sub-sectors of Neighbourhood Retail, Large Format Retail and Health & Services. HomeCo Daily Needs REIT aims to provide unitholders with consistent and growing distributions.
Important Notice - Forward-Looking Statements
This announcement contains certain forward-looking statements, which may include indications of, and guidance on, future earnings and financial position and performance. Forward-looking statements, opinions and estimates provided in this announcement are based on assumptions and contingencies that are subject to change without notice and involve known and unknown risks, uncertainties, assumptions, contingencies and other factors, many of which are beyond the control of HomeCo Daily Needs REIT. Actual results, performance or achievements may differ materially from those expressed or implied in those statements and any projections and assumptions on which these statements are based. Refer to the section entitled 'Key risks' in HomeCo Daily Needs REIT's investor presentation dated 5 July 2021 ( Investor Presentation ) for a summary of certain risk factors that may affect HomeCo Daily Needs REIT.
No guarantee, representation or warranty, express or implied, is made as to the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects, returns, statements or tax treatment in relation to future matters contained in this announcement. The forward-looking statements are based only on information available to HomeCo Daily Needs REIT as at the date of this announcement. Except as required by applicable laws or regulations, HomeCo Daily Needs REIT does not undertake any obligation to provide any additional or updated information or revise the forward-looking statements or other statements in this announcement, whether as a result of a change in expectations or assumptions, new information, future events, results or circumstances. Past performance and pro forma historical financial information is given for illustrative purposes only. It should not be relied on and it is not indicative of future performance, including future security prices.
Not for distribution or release in the United States
This announcement may not be distributed or released in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States or any other jurisdiction in which such an offer would be illegal. The securities referred to in this presentation have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the Securities Act ), or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold, directly or indirectly, in
19 Bay Street HMC Funds Management Limited Double Bay NSW 2028 (ACN 105 078 635; AFSL 237257) as responsible 1300 466 326 entity of the HomeCo Daily Needs REIT (ARSN [email protected] 645 086 620)
the United States or to any person acting for the account or benefit of any person in the United States unless the securities have been registered under the Securities Act (which HomeCo Daily Needs REIT has no obligation to do or procure) or are offered or sold pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable securities laws of any state or other jurisdiction of the United States.
General
In addition, this announcement is subject to the same “Important Notice and Disclaimer” as appears on slides 1 to 2 of the Investor Presentation with any necessary contextual changes.
19 Bay Street Double Bay NSW 2028 1300 466 326 [email protected]
HMC Funds Management Limited (ACN 105 078 635; AFSL 237257) as responsible entity of the HomeCo Daily Needs REIT (ARSN 645 086 620)