AI assistant
STOCKLAND — Capital/Financing Update 2008
Nov 18, 2008
65781_rns_2008-11-18_89c949dd-cb27-4c7d-9550-f6dfd3ab113e.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
133 Castlereagh Street Sydney NSW 2000
T 02 9035 2000
==> picture [72 x 72] intentionally omitted <==
19 November 2008
ASX Announcement
STOCKLAND STAPLED SECURITY PURCHASE PLAN
Following the closure of the Stockland Stapled Security Purchase Plan on Friday 14 November 2008, Stockland has decided not to proceed with allotment of any applications received due to the current market value of its securities remaining below the $5.30 offer price.
This has arisen due to the extreme global market turmoil experienced in recent months. Application monies will be returned to security holders as soon as possible.
Stockland (ASX: SGP) is one of the largest and most diversified property groups in Australia with interests in retail, commercial, industrial, residential and retirement living investment and development, and funds management. Stockland currently has total assets in Australia and the United Kingdom of over $14.7 billion, market capitalisation in excess of $8 billion, and reported an operating profit of $674 million for the year ended 30 June 2008. Additional information can be found on our website www.stockland.com.au
Stockland Corporation Ltd ACN 000 181 733 Stockland Trust Management Ltd ACN 001 900 741 AFSL 241190 As Responsible Entity for Stockland Trust ARSN 092 897 348.