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RURAL FUNDS GROUP — Capital/Financing Update 2016
Jul 24, 2016
65689_rns_2016-07-24_d68e3b5f-c9d8-402c-a7e8-6f189941d2b9.pdf
Capital/Financing Update
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25 July 2016
Rural Funds Group (RFF)
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ASX Release
Subject: Non-renounceable Entitlement Offer – notice of shortfall
Rural Funds Management Limited (RFM) as responsible entity of the Rural Funds Group (RFF) wishes to advise of the shortfall relating to the Entitlement Offer dated 5 July 2016. The Entitlement Offer closed on 21 July 2016, with Unitholders subscribing for 24,304,178 Units, totaling approximately $35,848,662.55.
The Entitlement Offer was fully underwritten by Bell Potter Securities Limited (“Underwriter”). Pursuant to the underwriting agreement with RFF dated 1 July 2016, the 17,033,917 Units not taken up by Unitholders will be allocated to the Underwriter.
The Board would like to express its appreciation to Unitholders for their ongoing support of RFF.
Please direct any enquiries to RFM Investor Services by telephone on 1800 026 665 or by email at [email protected].
About Rural Funds Group (RFF)
RFF owns a diversified portfolio of high quality Australian agricultural assets. RFF’s investment objective is to generate a stable income stream derived from leasing its assets to suitable counterparts and capital growth through any appreciation in the value of those assets. RFF is a stapled security, incorporating Rural Funds Trust (ARSN 112 951 578) and RF Active (ARSN 168 740 805), trading under the ASX code ‘RFF’. Rural Funds Management Ltd (RFM) is the responsible entity of RFF.
For further information: For media enquiries: For investor relations enquiries: David Bryant Stuart Waight James Powell Managing Director Chief Operating Officer Investor Relations & Distribution Rural Funds Management Rural Funds Management Manager T 02 6203 9700 T 0419 126 689 Rural Funds Management E [email protected] E [email protected] T 0420 279 374 E [email protected]