Charter Hall Group Successful completion of $275m Institutional Placement

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by Charter Hall Announcements

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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 CHC 2017 Appendix 3B