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Charter Hall Social Infrastructure Limited, as responsible entity (“Responsible Entity”) of Charter Hall Social Infrastructure REIT (ASX:CQE) (‘CQE’) has successfully completed the Unit Purchase Plan (‘UPP’), announced on 4 May 2020 in connection with CQE’s $100 million institutional placement (‘Placement’).
A total of approximately $23.1 million was raised under the UPP, with 10,503,679 new units (‘New Units’) to be issued to eligible applicants on Tuesday 2 June 2020 at an issue price of $2.20 per Unit (‘Issue Price’). The Issue Price is the same as the price paid by institutional investors under the Placement. In light of the demand from existing investors, the Board has utilised its discretion to increase the size of the UPP from $15.0 million to $23.1 million to ensure that all eligible applications are 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 quarter ending 30 June 2020.
Holding statements will be issued to eligible applicants on Wednesday, 3 June 2020.
Announcement authorised by the Board.