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Abacus Property Group Issues Security Purchase Plan

24 Mar 2022  |  08:33:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Security Purchase Plan

Abacus Property Group announced on 17 March 2022 that it will be conducting a non-underwritten security purchase plan (SPP or Security Purchase Plan). This follows its recently completed $200m institutional placement (Placement) which involved the issue of 59.2m new stapled securities at an offer price of $3.38 per Company stapled security. Eligible Company securityholders in Australia and NZ have the opportunity to acquire up to $30,000 of new stapled securities at the same offer price as new stapled securities issued under the Placement, free of any brokerage costs, commission or other transaction costs.

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