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Abacus Property Group Issues Security Purchase Plan Booklet

24 Mar 2022  |  08:36:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Security Purchase Plan Booklet

Abacus Property Group issued security purchase plan booklet. Following its recent successful $200m underwritten institutional placement to institutional investors at $3.38. The SPP gives securityholders a cost-effective way to acquire Securities up to a value of $30,000 without incurring brokerage costs, commission or other transaction costs. The proceeds from the SPP will be used to replenish investment capacity for continued deployment into acquisitions yet to settle and into the identified development and expansion pipeline in the Self-Storage portfolio.

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