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Charter Hall Retail REIT (ASX:CQR) (“CQR” or “the REIT”) today withdrew its Unit Purchase Plan (UPP), announced on 20 February 2020.
Since the UPP offer opened on 28 February 2020 there has been increased volatility in markets and there is now a considerable discount between the current price of CQR units on the ASX and the UPP Offer price of $4.81.
Eligible unitholders had until 5pm (Sydney time) on 20 March 2020 to register for the UPP, however this offer has now been withdrawn and is therefore closed. Monies from applications received to date will be refunded as soon as practical.
Announcement authorised by the Board