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Successful completion of $275 million Institutional Placement

01/05/2017

Charter Hall Group (ASX:CHC) (Charter Hall or the Group) today announces the successful completion of its fully underwritten $275 million Institutional Placement.

The Institutional Placement received strong demand from investors and was significantly oversubscribed. Approximately 50.2 million new ordinary securities will be issued to institutional investors at a fixed price of $5.48 per security, representing a discount of 3.4% to the closing price on 27 April 2017 of $5.67.

Securities to be issued under the Institutional Placement will settle on Wednesday, 3 May 2017, with the issue and quotation of the new securities expected to occur on Thursday, 4 May 2017. 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.

<View PDF version of ASX Release>  

<View PDF version of Appendix 3B: New issue announcement>  

For further information:

David Harrison
Managing Director and 
Group CEO Charter Hall
T: +61 8651 9142

david.harrison@charterhall.com.au

For media enquiries: 

Angus Booth 
Group Manager - External Affairs, Marketing & Communications
T: +61 8651 9223 
angus.booth@charterhall.com.au

For investor enquiries: 

Philip Cheetham 
Head of Listed Investor Relations
T: +61 2 8651 9214
philip.cheetham@charterhall.com.au