Charter Hall Group Distribution Reinvestment Plan Issue Price
Charter Hall (ASX:CHC) today announces the Distribution Reinvestment Plan (DRP) issue price for the half year ending 31 December 2013 is $3.6665 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 2 January 2014 to 22 January 2014 inclusive. The DRP issue price incorporates the 1.0% discount announced on 16 December 2013.
Charter Hall will raise approximately $6.3 million from the DRP, following a preliminary participation rate of 18.5%. The DRP securities will be issued on the distribution payment date, being on or about 25 February 2014.
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