Charter Hall Long WALE REIT Successful completion of entitlement offerright-arrow
read-time2 mins
by Charter Hall Announcement

To access this part of the website, please select your country of residence from the following list.

The country of my primary residence is:

Due to legal restrictions, access to this website is only available to residents of Australia and New Zealand from within Australia or New Zealand. In order to access this website, you must provide the State, Territory or Province and postcode for your primary residential address within Australia or New Zealand.

The State or Territory of my primary residence in Australia or the Province of my primary residence in New Zealand is:

Due to legal restrictions, access to this website is only available to residents of Australia and New Zealand from within Australia or New Zealand. In order to access this website, you must provide the State, Territory or Province and postcode for your primary residential address within Australia or New Zealand.

The State or Territory of my primary residence in Australia or the Province of my primary residence in New Zealand is:

By proceeding you confirm that you are a resident of Australia or New Zealand accessing this website from within Australia or New Zealand and you represent, warrant and agree that:

  • you are not in the United States or a “U.S. person”, as defined in Regulation S under the U.S. Securities Act of 1933, as amended (“U.S. Person”), nor are you acting for the account or benefit of a U.S. Person;
  • you will not make a copy of the documents on this website available to, or distribute a copy of such documents to, or for the account or benefit of, any U.S. Person or any person in any other place in which, or to any other person to whom, it would be unlawful to do so; and
  • the state, territory or province and postcode provided by you below for your primary residence in Australia or New Zealand are true and accurate.

I agree to the above terms Yes or No.

Unfortunately, legal restrictions prevent us from allowing you access to this website. If you have any questions, please contact us by e-mail by clicking on the link below.

Contact Us

Not for release to US wire services or distribution in the United States

Charter Hall WALE Limited as responsible entity of the Charter Hall Long WALE REIT (ASX:CLW) is pleased to announce the successful completion of its 1-for-17 accelerated non-renounceable entitlement offer (Entitlement Offer) announced on 4 November 2019.

The retail component of the Entitlement Offer (Retail Entitlement Offer) closed on 19 November 2019, raising approximately $34.4 million. This follows the successful completion of the institutional component of the Entitlement Offer (Institutional Entitlement Offer) which raised approximately $87.5 million and the institutional placement which raised $120.0 million, taking the total equity raising to $241.9 million.

Eligible retail securityholders took up approximately $1.4 million (including 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 4%. The remaining approximately $33.0 million will be allocated to various institutional investors who sub-underwrote the Retail Entitlement Offer.

Allotment of new securities issued under the Retail Entitlement Offer will occur on 26 November 2019 with trading to commence on the ASX on a normal settlement basis on 27 November 2019. Holding statements will be despatched on 28 November 2019.

View the ASX Announcement