Brief: Arena REIT No 1 Announces Fully Underwritten A$120 Mln Institutional Placement

Arena REIT No 1

23/07/2024 01:44

July 23 (Reuters) - Arena Reit No 1  ARF.AX :
    * FULLY UNDERWRITTEN A$120 MILLION INSTITUTIONAL PLACEMENT
    * ISSUING FY2025 DISTRIBUTION GUIDANCE OF 18.25 AU CENTS PER
SECURITY
    * PLACEMENT AT ISSUE PRICE OF A$3.78 PER NEW STAPLED
SECURITY
    * WILL ALSO OFFER SPP TO RAISE UP TO A$20 MILLION
    * EXCHANGED CONTRACTS, ENTERED HEADS OF AGREEMENT TO
ACQUIRE,
DEVELOP SOCIAL INFRASTRUCTURE PROPERTIES WITH INVESTMENT OF A$92
MILLION

Further company coverage:  ARF.AX 

 ((Reuters.Briefs@thomsonreuters.com;))