Brief: Cromwell Property Announces Transactions Update And Convertible Bonds Tender Offer
07/06/2022 09:05
June 7 (Reuters) - Cromwell Property Group CMW.AX :
* TRANSACTIONS UPDATE AND CONVERTIBLE BONDS TENDER OFFER
* UPDATE ON TENDER FOR REPURCHASE OF OUTSTANDING EUR 230
MILLION
2.5% GUARANTEED CONVERTIBLE BONDS DUE 2025
* DUE TO PREVAILING MARKET CONDITIONS, NEW REIT WILL NOT BE
LAUNCHED BEFORE 30 JUNE 2022
* CONTINUES TO PREPARE BUSINESS TO LAUNCH NEW REIT (SUBJECT
TO
MARKET CONDITIONS)
* ANTICIPATES NEW REIT WILL LIKELY UNDERTAKE AN EQUITY RAISE
AS
PART OF RESTRUCTURE
Source text for Eikon: ID:nASX33LgQ3
Further company coverage: CMW.AX
((Reuters.Briefs@thomsonreuters.com;))
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