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REGION GROUP — Capital/Financing Update 2014
Oct 19, 2014
65695_rns_2014-10-19_56810e12-2d8e-479a-b014-9faa41a91e42.pdf
Capital/Financing Update
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Level 5, 50 Pitt Street Sydney NSW 2000 Tel: (02) 8243 4900 Fax: (02) 8243 4999 www.scaproperty.com.au
20 October 2014
ASX ANNOUNCEMENT
COMPLETION OF SMALL UNITHOLDING SALE FACILITY
Further to its announcement dated 28 August 2014, SCA Property Group “SCP” announces that it has completed its Small Unitholding Sale Facility.
The unitholdings of approximately 23,000 unitholders have been sold at no cost to the individual holders. 2,180,247 units were sold at a volume weighted average price of $1.6651 per unit (which is above the volume weighted average price for the relevant period of trading).
The number of SCP unitholders has now been reduced to approximately 85,000. The reduction in the number of unitholders is expected to reduce registry costs in FY15 and thereafter.
Sale proceeds will be sent to participating unitholders on or about 24 October 2014 by direct credit or by cheque in accordance with the payment instructions held on the register.
Unitholders with small holdings had the opportunity to nominate to retain their holdings by returning their unit retention forms prior to the closing date of 5pm on 10 October 2014.
ENDS
| Institutional investor and analyst, contact: | Media, contact: |
|---|---|
| Mark Fleming | Anthony Mellowes |
| CFO | CEO |
| SCA Property Group | SCA Property Group |
| (02) 8243 4900 | (02) 8243 4900 |
Unitholders should contact SCA Property Group Information Line on 1300 318 976 (or+61 3 9415 4881 from outside Australia) with any queries.
Shopping Centres Australasia Property Group RE Limited ABN 47 158 809 851 AFS Licence 426603 as responsible entity of the Shopping Centres Australasia Property Retail Trust ARSN 160612788 and as responsible entity of the Shopping Centres Australasia Property Management Trust ARSN 160612626