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Charter Hall Long WALE REIT Successful completion of entitlement offer


Charter Hall WALE Limited, in its capacity as responsible entity of the managed investment schemes comprising Charter Hall Long WALE REIT (ASX:CLW) (CLW or the REIT), is pleased to announce the successful completion of its 1 for 8.1 accelerated non-renounceable entitlement offer (Entitlement Offer) announced on 5 December 2018.

The retail component of the Entitlement Offer (Retail Entitlement Offer) closed on 20 December 2018 raising approximately $44 million. This follows the successful completion of the institutional component of the Entitlement Offer (Institutional Entitlement Offer) which raised approximately $81 million, taking the total size of the Entitlement Offer to $125 million.

Under the Retail Entitlement Offer, eligible retail securityholders were able to apply for their entitlement as well as additional new securities beyond their entitlement up to a maximum of 50% of their entitlement (Additional Securities). Eligible retail securityholders took up approximately $26 million (including applications for Additional Securities and applications by retail securityholders who applied early and were allotted new securities on the same day as securities that were allotted under the Institutional Entitlement Offer), representing a participation rate of approximately 60%. The remaining

$18 million will be allocated to various institutional investors who sub-underwrote the Retail Entitlement Offer.

Application monies received for Additional Securities above 50% of an eligible retail securityholder's entitlement will not be accepted. Application monies received in respect of Additional Securities that are not allocated will be refunded.

Allotment of new securities issued under the Retail Entitlement Offer will occur on 28 December 2018 with trading to commence on the ASX on a normal settlement basis on 31 December 2018. Holding statements will be despatched on 31 December 2018.

<View ASX Release PDF>

For further information:

Avi Anger 
Fund Manager 
T: +61 8651 9111

For media enquiries: 

Kerri Leech 
Head of Finance 
T: +61  2 8651 9347

For investor enquiries: 

Philip Cheetham 
Head of Listed Investor Relations
T: +61 2 8651 9214



For media enquiries: 

Angus Booth 
Group Manager - External Affairs, Marketing & Communications
T: +61 8651 9223