Charter Hall Group Distribution Reinvestment Plan Issue Price

22/07/2010 - PDF Version Available

Charter Hall Group (ASX: CHC) today announced the Distribution Reinvestment Plan (DRP) issue price for the half year ending 30 June 2010 is $0.5946 per stapled security, based on the daily volume weighted average market price of CHC securities traded on the ASX over each of the 15 business days from 2 July 2010 to 22 July 2010 inclusive. The DRP price is after the 2.0% discount previously announced on 21 June 2010.

The Group will raise approximately $7.5 million from the DRP, following a participation rate of approximately 40%¹, with the proceeds being applied to working capital. The DRP securities will be issued on the distribution payment date, being on or about 27 August 2010.

ENDS


For further information, please contact:

Investor enquiries:

Kylie Ramsden
Head of Listed Investor Relations
Charter Hall
Tel: +61 2 8295 1016
kylie.ramsden@charterhall.com.au

Media enquiries:

Rachel Mornington-West
Senior Communications Manager
Charter Hall
Tel: +61 2 8908 4093
rachelm@charterhall.com.au

About the Charter Hall Group

Charter Hall Group is a property funds management and development company, based in Sydney with offices in Melbourne, Brisbane, Perth, Adelaide and Chicago. Established in 1991 and listed on the ASX in 2005 as a stapled security under the code CHC, Charter Hall Group combines Charter Hall Limited with Charter Hall Property Trust, which will now own and/or manage over $10 billion in real estate assets. The Charter Hall Group has achieved a solid track record across its activities demonstrating a 19 year history of managing wholesale and retail capital, making it one of Australia's leading property fund managers. Charter Hall's success has been underpinned by a highly skilled and motivated management team with diverse expertise across property sectors and risk-return profiles.


¹ Excludes 50,343,595 securities issued under the Executive Loan Security Loan Plan (ELSP) that are not recognised as issued equity, and hence for EPS/DPS/NTA calculations, in accordance with AASB2 Share Base Payments.


This information has been prepared by Charter Hall Funds Management Limited ABN 31 082 991 786; AFSL 262861 ("CHFML") for information purposes only. This website is not an offer to sell or a solicitation or an offer to subscribe or purchase or a recommendation of any securities referred to herein and the information has not taken into account any potential investors' personal objectives, financial situation or needs. Before investing, you should consider your own objectives, financial situation and needs or you should obtain financial, legal and/or taxation advice.

CHFML does not receive fees in respect of the general financial product advice it may provide, however they will receive fees for operating the schemes of which it is the responsible entity ("Schemes") which, in accordance with the Schemes' Constitutions, are calculated by reference to the value of the assets of the Schemes. Entities within the Charter Hall Group may also receive fees for managing the assets of, and providing resources to the Schemes. For more detail on fees, see our latest annual report. To contact us, call 1300 365 585 (local call cost).