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STOCKLAND — Capital/Financing Update 2014
Jul 21, 2014
65781_rns_2014-07-21_8abcb743-7cfb-4a66-9294-168cfa4f293b.pdf
Capital/Financing Update
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133 Castlereagh Street Sydney NSW 2000
T 02 9035 2000 F 02 8988 2552
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22 July 2014 ASX/Media Release
STOCKLAND DISTRIBUTION REINVESTMENT PLAN
As previously announced on 12 June 2014, Stockland will operate its Distribution Reinvestment Plan (DRP) for eligible securityholders who selected the DRP as their preferred distribution payment method for the half year to 30 June 2014.
In accordance with the terms of the DRP, we advise that the issue price for each stapled security is $3.92, based on the average for the 15 daily volume weighted average prices of SGP stapled securities for the 15 trading days from 1 July 2014 to 21 July 2014, inclusive, with a discount of 1.0 per cent on the securities acquired under the DRP.
As announced on 12 June 2014, the deadline for securityholders to indicate DRP participation, or change an existing nomination, was 5pm (AEST) on Tuesday 1 July 2014.
The new securities will be issued to eligible securityholders on 29 August 2014.
Stockland
Stockland (ASX: SGP) was founded in 1952 and has grown to become Australia’s largest diversified property group – owning, developing and managing a large portfolio of shopping centres, residential communities, retirement living villages, office and industrial assets. Stockland was recognised by the S&P Dow Jones Sustainability Indices (DJSI) as the Global Real Estate Industry Group Leader for 2013 – 14 and was also named one of the Global 100 Most Sustainable Corporations in the World at the World Economic Forum in Davos, Switzerland in 2014, for the fifth consecutive year.
| For media enquiriesGreg SpearsSenior Manager -Media RelationsStocklandT+61 (0)2 9035 3263M+61 (0)406 315 014 | Michelle TaylorGeneral Manager -Stakeholder RelationsStocklandT+61 (0)2 9035 2786M+61 (0)400 356 692 | For investor enquiriesAntoinette PlaterSenior Manager -Investor RelationsStocklandT+61 (0)2 9035 3148M+61 (0)429 621 742 | Tim MitchellSenior Analyst -Investor RelationsStocklandT+61 (0)2 9035 2467M+61 (0)478 308 513 |
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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.