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INGENIA COMMUNITIES GROUP — Capital/Financing Update 2013
Oct 16, 2013
65125_rns_2013-10-16_2de72f98-55cc-4829-ad86-be86cd4ce18a.pdf
Capital/Financing Update
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ASX / Media Release
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17 October 2013
- Ingenia completes $61.7m Non Renounceable Rights Issue
Highlights
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$61.7 million raised via Rights Issue for MHE portfolio expansion
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Rights Issue heavily oversubscribed with 169.1 million new securities issued
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MHE portfolio expansion is progressing – the Group is now in advanced due diligence on the eight acquisitions underpinning the Rights Issue
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Additional funding capacity approved with $47.5 million increase in Australian debt facility
Ingenia Communities (ASX: INA) today announced the completion of the Group’s 1 for 3 Non-Renounceable Rights Issue (the Rights Issue) which raised $61.7 million through the issue of 169.1 million Offer Securities to Eligible Securityholders at an issue price of $0.365 per Offer Security. The Offer was fully underwritten by RBS Morgans and Petra Capital.
Ingenia further advises that the allotment of securities was completed yesterday and holding statements will be dispatched today in accordance with the published timetable.
Pursuant to ASX Listing Rules, Ingenia advises the following:
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The date of allotment and number of securities:
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(a) Allotment Date: 16 October 2013
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(b) Number of Securities issued: 169,061,038 fully paid stapled securities at $0.365 per security
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(c) Dispatch of Holdings Statements: 17 October 2013
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Quoted securities of the Group following the above issue and allotment:
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(a) 676,240,232 fully paid stapled securities
A statement setting out the names of the 20 largest holders of fully paid stapled securities and the percentage held by each following the allotment, is attached.
The Rights Issue was heavily oversubscribed with valid applications received for 213.9 million new securities. Participation in the Rights Issue was high with 91% securityholder take-up (by overall value) and a significant number of applicants applied for additional new securities. The principles for allocating additional securities were to provide applicants with a minimum allocation and thereafter a percentage of their holding in new additional securities.
As announced last month, the Rights Issue was undertaken for the acquisition of a further eight manufactured home estates in NSW. The Group is now in advanced due diligence on
Level 5, 151 Castlereagh St, T 1300 132 946 Sydney NSW 2000, Australia E [email protected]
www.ingeniacommunities.com.au
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these opportunities and anticipates making further announcements on the transactions in the coming months.
In late September 2013, the Group also received a credit approved offer from its Australian lender for a $47.5m facility increase taking the facility limit to $129.5m.
Ingenia Chief Executive Officer Simon Owen said: “We are pleased to have had such strong demand from our existing securityholders for the Offer Securities. The equity raised through the Rights Issue, combined with our additional debt funding capacity, positions Ingenia to continue to capitalise on the accretive opportunities we have identified as we accelerate the creation of a market leading MHE portfolio. We are well placed to continue to expand the portfolio and to increase the Group’s exposure to cash yielding affordable seniors living communities.”
For further information please contact: Simon Owen Lenny Chen Chief Executive Officer Investor Relations & Marketing Manager P 02 8263 0501 P 02 8263 0507 M 0412 389 339 M 0415 254 311
About Ingenia Communities Group
Ingenia Communities Group (ASX Code: INA) is a stapled property group comprising Ingenia Communities Holdings Limited (ACN 154 444 925), Ingenia Communities Fund (ASRN 107 459 576) and Ingenia Communities Management Trust (ARSN 122 928 410). The
Responsible Entity for each scheme is Ingenia Communities RE Limited (ACN 154 464 990) (AFSL415862).
Ingenia Communities Group is a leading operator, owner and developer of a diversified portfolio of seniors housing communities. It has 44 assets in Australia, comprising over 3,200 units.
Level 5, 151 Castlereagh St, Sydney NSW 2000, Australia
T 1300 132 946
www.ingeniacommunities.com.au
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PAGE NUMBER : 1 REPORT DATE : 16/10/2013 REPORT TIME : 07.31.24
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INGENIA COMMUNITIES GROUP
| INGENIA COMMUNITIES GROUP | |
|---|---|
| FIRST 20 INVESTORS REPORT WEDNESDAY 16 OCTOBER 2013 Current Rank Investor Balance Security: INA - STAPLED SECURITY 1 J P MORGAN NOMINEES AUSTRALIA 96,328,992 LIMITED 2 NATIONAL NOMINEES LIMITED 83,850,561 3 AUST EXECUTOR TRUSTEES SA LTD 62,127,672 4 JP MORGAN NOMINEES AUSTRALIA 47,234,814 LIMITED 5 HSBC CUSTODY NOMINEES 28,063,022 (AUSTRALIA) LIMITED 6 CITICORP NOMINEES PTY LIMITED 24,767,203 7 MERCANTILE INVESTMENT COMPANY 19,514,519 LTD 8 CITICORP NOMINEES PTY LIMITED 17,679,891 9 MCNEIL NOMINEES PTY LIMITED 16,400,531 10 BNP PARIBAS NOMS (NZ) LTD 14,608,249 11 RBC INVESTOR SERVICES 13,305,607 AUSTRALIA NOMINEES PTY LIMITED 12 MERCANTILE INVESTMENT COMPANY 13,103,817 LTD 13 BNP PARIBAS NOMS PTY LTD 11,202,443 14 MIRRABOOKA INVESTMENTS LIMITED 10,406,452 15 UBS NOMINEES PTY LTD 8,996,300 16 GWYNVILL TRADING PTY LTD 6,666,667 17 BLUEFLAG HOLDINGS PTY LTD 5,333,334 18 CUSTODIAL SERVICES LIMITED 5,215,523 19 BOND STREET CUSTODIANS LIMITED 3,183,542 |
% Issued Capital |
| 14.24% 12.40% 9.19% 6.98% 4.15% 3.66% 2.89% 2.61% 2.43% 2.16% 1.97% 1.94% 1.66% 1.54% 1.33% .99% .79% .77% .47% |
Confidential - Link Market Services Limited
PAGE NUMBER : 2 REPORT DATE : 16/10/2013 REPORT TIME : 07.31.24
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INGENIA COMMUNITIES GROUP
| INGENIA COMMUNITIES GROUP | |||
|---|---|---|---|
| Rank 20 |
FIRST 20 INVESTORS REPORT WEDNESDAY 16 OCTOBER 2013 Current Investor Balance BODIAM PROPERTIES PTY LTD 3,123,000 |
% Issued Capital |
|
| .46% | |||
| Investors TOTAL FOR TOP 20: 491,112,139 20 |
72.62% | ||
| Investors TOTAL IN THIS REPORT: 491,112,139 20 TOTAL OTHER INVESTORS: 185,128,093 3,740 GRAND TOTAL: 676,240,232 3,760 end of report |
72.62% 27.38% 100.00% |
Confidential - Link Market Services Limited