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PEET LIMITED — Capital/Financing Update 2011
Jun 26, 2011
65600_rns_2011-06-26_9e82ea13-4480-4451-aba1-92e5f17a700c.pdf
Capital/Financing Update
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Perth
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Level 7, 200 St Georges Terrace Perth WA 6000 Telephone (08) 9420 1111 | Facsimile (08) 9481 4712 Email [email protected]
27 June 2011
Australian Stock Exchange Limited Exchange Centre Level 4 20 Bridge Street SYDNEY NSW 2000
Dear Sir/Madam
PEET LIMITED – SHARE PURCHASE PLAN
On 1 June 2011, Peet Limited (“Peet”) announced a $20 million, fully underwritten share purchase plan (“SPP”) which, in conjunction other capital management initiatives, will be used to fund future acquisitions and new developments, including the acquisition of a 50% interest in the 1,244 hectare Flagstone West property. Details of this acquisition were set out in Peet’s announcement to the market on 1 June 2011, a copy of which is available on Peet’s website, www.peet.com.au.
The SPP allowed existing eligible Peet shareholders to acquire up to a maximum of $15,000 worth of fully paid ordinary shares in Peet.
On 23 June 2011, Peet announced eligible shareholders applied to participate in the SPP for a total amount of $4,192,500 and Merrill Lynch International (Australia) Limited, as underwriter, had procured subscriptions for $15,807,500 worth of ordinary shares in Peet.
Peet announces that:
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as per the terms of the SPP, the price of shares issued under the SPP will be $1.41 per share; and
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it will issue 14,184,300 shares under the SPP, including to subscribers procured by Merrill Lynch International (Australia) Limited.
Yours faithfully
PEET LIMITED
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DOM SCAFETTA COMPANY SECRETARY
Perth | Melbourne | Brisbane Enriching lives since 1895 | Asset Manager | Land Syndicator | Fund Manager Peet Limited | ACN 008 665 834 | Australian Financial Services Licence 225772