Charter Hall Distribution Reinvestment Plan Issue Price
22/07/2013
Charter Hall (ASX:CHC) today announces the Distribution Reinvestment Plan (DRP) issue price for the half year ending 30 June 2013 is $3.8465 per security, based on the average of the daily volume weighted average market price of all stapled securities traded on the ASX over the 15 business days from 1 July 2013 to 19 July 2013 inclusive. The DRP issue price incorporates the 1.0% discount announced on 17 December 2012.
Charter Hall expects to raise approximately $8.3 million from the DRP, following a preliminary participation rate of 26.5%. The DRP units will be issued on the distribution payment date, being on or about 28 August 2013.
For further information, please contact:
| David Harrison Joint Managing Director T: +61 8908 4033 david.harrison@charterhall.com.au |
David Southon Joint Managing Director T: +61 8908 4025 david.southon@charterhall.com.au |
| Investor enquiries: Kylie Ramsden Head of Listed Investor Relations Charter Hall T: +61 2 8295 1016 kylie.ramsden@charterhall.com.au |
Media enquiries: Rachel Mornington-West Head of Marketing and Communications Charter Hall T: +61 2 8908 4093 rachel.mornington-west@charterhall.com.au |
About the Charter Hall Group:
Charter Hall Group (ASX:CHC) is one of Australia's leading fully integrated property groups, with over 22 years' experience managing high quality property on behalf of institutional, wholesale and retail clients. Charter Hall has circa $10 billion of funds under management across the office, retail, industrial and residential sectors. The Group has offices in Sydney, Melbourne, Brisbane, Adelaide and Perth.
The Group's success is underpinned by a highly skilled and motivated team with diverse expertise across property sectors and risk-return profiles. Sustainability is a key element of its business approach and by ensuring its actions are commercially sound and make a difference to its people, customers and the environment, Charter Hall can make a positive impact for its investors, the community and the Group.