Back to News list

Charter Hall Education Trust Successful completion of Unit Purchase

18/04/2019

Unit Purchase Plan

Charter Hall Social Infrastructure Limited (Responsible Entity), as responsible entity of Charter Hall Education Trust (ASX:CQE) (CQE or the Trust), confirms the completion of the Unit Purchase Plan (UPP) announced to the Australian Securities Exchange on 27 March 2019 in connection with CQE’s $120 million institutional placement (Institutional Placement).

A total of approximately $19.29 million was raised under the UPP. In light of the significant demandfrom existing investors, the Board has utilised its discretion to increase the size of the UPP from $5.0million to $19.29 million to ensure that all eligible applications are satisfied in full. Approximately 5.76million new units (New Units) will be issued to eligible applicants on Wednesday, 24 April 2019 at anissue price of $3.35 per unit (Issue Price). The Issue Price is the same as the price paid byinstitutional investors under the Institutional Placement. These additional funds will initially be used torepay debt. The Responsible Entity confirms its FY19 distribution guidance of 16.0 cents per unit.

New units issued under the UPP will rank equally with existing CQE units from issue and will carry thesame voting rights and entitlements to distributions. The New Units issued under the UPP will beentitled to the distribution for the three months ending 30 June 2019. Holding statements will be issuedto eligible applicants on Friday, 26 April 2019.

Click here to view PDF of ASX release.

For further information, please
contact:

Nick Anagnostou
Head of Social Infrastructure Funds Charter Hall
T +61 3 9903 6170

nick.anagnostou@charterhall.com.au

For investor enquiries, please
contact:

Lula Liossi
Investor Relations Manager Charter Hall
T +61 3 9903 6157

lula.liossi@charterhall.com.au

 


Philip Cheetham

Head of Listed Investor Relations Charter Hall
T +61 2 8651 9214

philip.cheetham@charterhall.com.au

 

For media enquiries, please
contact:

Angus Booth
Group Manager – External              
Affairs Charter Hall 

  T: +61 8651 9223 
  angus.booth@charterhall.com.au