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Magellan Financial Group Notes Regarding Closure of Unit Purchase Plan Offer

08 Mar 2019  |  09:57:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: MGG: Magellan Global Trust - Unit Purchase Plan Update

Magellan Financial Group noted that Magellan Asset Management, in its capacity as the responsible entity of the Magellan Global Trust, advises that the Unit Purchase Plan offer closed on 6 March 2019. Magellan Global Trust received applications from more than 21,000 unitholders totaling $277m. Magellan estimates that almost 50% of unitholders participated in the Offer. In accordance with the terms and conditions of the Offer, the offer price for New Units to be issued under the Offer is $1.5327 per New Unit.

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