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INGENIA COMMUNITIES GROUP — Capital/Financing Update 2019
Nov 6, 2019
65125_rns_2019-11-06_cb4491a7-04a4-46da-9437-076927480631.pdf
Capital/Financing Update
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7 November 2019
Ingenia successfully completes Retail Entitlement Offer component of $131.1 million equity raising
Ingenia Communities Group (ASX: INA) is pleased to announce the successful completion of the retail component (Retail Entitlement Offer) of its $109.8 million fully underwritten 2 for 17 accelerated non-renounceable pro rata entitlement offer (Entitlement Offer) announced to the ASX on Wednesday 16 October 2019.
Completion of the Retail Entitlement Offer represents completion of the second stage of Ingenia's $131.1m equity raising announced on Wednesday 16 October 2019. The first stage of the equity raising, being the institutional component of the Entitlement Offer and the $21.3 million placement, completed on Thursday 17 October 2019 as announced by Ingenia on that date.
The Retail Entitlement Offer closed on Monday 4 November 2019. Ingenia received valid applications from eligible retail securityholders under the Retail Entitlement Offer (including valid applications under the Retail Entitlement shortfall facility) for approximately 4.26 million securities. Approximately 1.53 million securities not taken up under the Retail Entitlement Offer will be allocated to sub-underwriters of the Retail Entitlement Offer.
Final details and allocations are subject to reconciliation and an audit process currently being conducted by Ingenia's registry.
New securities under the Retail Entitlement Offer are expected to be allotted on Monday 11 November 2019 and commence trading on ASX on Tuesday 12 November 2019.
ENDS
For further information please contact: Donna Byrne General Manager Investor Relations P 02 8263 0507 M 0401 711 542
Ingenia Communities Holdings Limited (ACN 154 444 925), Ingenia Communities Fund (ASRN 107 459 576) and Ingenia Communities Manageme Trust (ARSN 122 928 410). The Responsible Entity for each scheme is Ingenia Communities RE Limited (ACN 154 464 990) (AFSL415862).
Level 9, 115 Pitt St, Sydney NSW 2000, Australia
T 1300 132 946 E [email protected]