Not for distribution or release in the United States
Charter Hall WALE Limited as responsible entity of the Charter Hall Long WALE REIT (ASX:CLW) (CLW or the REIT) is pleased to announce the successful completion of its 1-for-10.68 accelerated non-renounceable entitlement offer (Entitlement Offer) announced on 18 May 2021.
The retail component of the Entitlement Offer (Retail Entitlement Offer) closed on 2 June 2021, raising approximately $81 million. This follows the successful completion of the institutional component of the Entitlement Offer (Institutional Entitlement Offer) which raised approximately $169 million, taking the total size of the Entitlement Offer to approximately $250 million.
Eligible retail securityholders took up approximately $51 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 63%. The remaining approximately $30 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 9 June 2021 with trading to commence on the ASX on a normal settlement basis on 10 June 2021. Holding statements will be despatched on 10 June 2021.
Announcement Authorised by the Company Secretary
Click here to view the ASX Announcement