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APN Industria REIT Announces Successful Completion of Institutional Placement

14 May 2019  |  09:15:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Successful completion of Institutional Placement

APN Industria REIT announced that it has successfully completed the fully underwritten institutional placement announced on 13 May 2019 (Placement), raising $30m through the issue of 11.0m new stapled securities (New Securities) at an issue price of $2.73 per New Security. The New Securities will settle on 16 May 2019, with allotment and normal trading to occur on 17 May 2019. New Securities issued under the Placement will rank equally with existing Company securities and will be entitled to the full distribution for the quarter ending 30 June 2019. It is also undertaking a non-underwritten security purchase plan (SPP) to raise up to $5m. Under the SPP, eligible securityholders in Australia and NZ will be invited to subscribe for up to $15,000 of New Securities.

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