Completion of Security Purchase Plan
Charter Hall Group (ASX:CHC) (Charter Hall or the Group) today announces the successful completion of its Security Purchase Plan (SPP). The SPP was announced on 28 April 2017 in connection with the Group’s $275 million institutional placement.
A total of $15.76 million was raised under the SPP, with 2,876,847 new securities to be issued to eligible applicants on 25 May 2017 at an issue price of $5.48, being the issue price for securities issued under the placement. Given that the amount raised was not materially higher than the $15 million target, it was determined to satisfy all applications in full rather than undertake a scale-back.
The new securities will rank equally with existing securities from issue and will be entitled to the full distribution for the six months to 30 June 2017.
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