Company News Summary
Abacus Property Group Announces Completion of the Security Purchase Plan
20 Apr 2022 | 09:34:00 | Associate analysts | Increase | Decrease | 
Original announcement: Completion of the Security Purchase Plan
Abacus Property Group confirmed the completion of the non-underwritten security purchase plan (SPP), which closed on 14 April 2022. The SPP was announced to the Australian Securities Exchange on 17 March 2022. This follows its $200m institutional placement which was successfully completed on 23 March 2022. A total of $3.3m was raised under the SPP, with 1.0m new stapled securities expected to be issued to participating eligible Company securityholders on 26 April 2022 at an issue price of $3.38 per stapled security, being the same price paid by institutional investors under the Institutional Placement.
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