Completion of $225 million Institutional Placement
Charter Hall Group (ASX: CHC) (Charter Hall or the Group) today announced the completion of its fully underwritten $225 million Institutional Placement.
Approximately 47,071,130 new ordinary securities will be issued to institutional investors at a fixed price of $4.78 per security, representing a discount of 2.8% to the closing price on 20 May 2015.Securities to be issued under the placement will settle on 26 May 2015 with allotment of securities to occur on 27 May 2015, from which time they will rank equally with existing Charter Hall securities and will be entitled to the full distribution for the six months to 30 June 2015.
About Charter HallCharter Hall Group (ASX:CHC) is one of Australia’s leading fully integrated property groups, with over 23 years’ experience managing high quality property on behalf of institutional, wholesale and retail clients. Charter Hall has over $12.7 billion of funds under management across the office, retail and industrial 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.