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PEET LIMITED — Capital/Financing Update 2010
Dec 28, 2010
65600_rns_2010-12-28_d59d88f6-fcc2-4d6a-af1f-84aef15e08e0.pdf
Capital/Financing Update
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Perth Level 7, 200 St Georges Terrace Perth WA 6000 Telephone (08) 9420 1111 | Facsimile (08) 9481 4712 Email [email protected]
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24 December 2010
Peet Yanchep Land Syndicate
Peet has elected to close the Peet Yanchep Syndicate (“Syndicate”) capital raising to facilitate the settlement of the Syndicate’s 151-hectare property due on 10 January 2010.
Peet has received applications for nearly 20 million units and it has subscribed for the remaining 35 million units.
Peet has also finalised negotiations and is awaiting a final investment decision from a cornerstone investor in respect to subscribing for 20 million units. These negotiations cannot be concluded before Christmas, however Peet has been advised a final decision on the investment will be made in the New Year.
Peet has also been progressing discussions with a small number of institutions interested in investing in the Syndicate, which will also continue into the New Year.
The outlook for the Syndicate’s landholding remains very strong with its coastal location, four kilometres of golf course frontage and exposure to the Western Australian economy. It remains on track to commence development and sales in calendar year 2011.
For media inquiries, call: Marie Mills Mills Wilson Communication Consultants 08 9228 1999, 0418 918202 [email protected]
For investor inquiries, call:
Brendan Gore Managing Director and Chief Executive Officer Peet Limited (08) 9420 1111
Perth | Melbourne | Brisbane Enriching lives since 1895 | Asset Manager | Land Syndicator | Fund Manager Peet Limited | ACN 008 665 834 | Australian Financial Services Licence 225772