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Charter Hall Retail Management Limited, as responsible entity (Responsible Entity”) of Charter Hall Retail REIT (ASX:CQR) (‘CQR’ or ’the REIT’) has successfully completed the Unit Purchase Plan (‘UPP’), announced on 27 April 2020 in connection with CQR’s $175 million institutional placement (‘Placement’).
A total of approximately $29,512,500 was raised under the UPP, with 10,056,954 new units (‘New Units’) to be issued to eligible applicants in Thursday 28 May 2020 at an issue price of $2.90 per unit (‘Issue Price’). The Issue Price is the same as the price paid by institutional investors under the Institutional Placement. Given that the amount raised exceeded the expectation of $25m, all applications will be satisfied in full.
The New Units will rank equally with existing fully paid units and will carry the same voting rights and entitlements to receive distributions. The New Units will be entitled to the distribution for the half year ending 30 June 2020.
Holding statements will be issued to eligible applicants on Friday, 29 May 2020
Announcement authorised by the Board