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Hotel Property Investments Announces Successful Completion of $50m Placement

15 Sep 2021  |  09:44:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Successful completion of $50M Placement

Hotel Property Investments announced the successful completion of the fully underwritten institutional placement of $50m announced on 14 September 2021 (Placement). The Placement attracted demand from existing Company's securityholders as well as new investors. As a result of the Placement, 14.7m new securities (New Securities) will be issued at an issue price of $3.40 per security (Issue Price).

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