Brief: Goodman Property Trust Says Intends To Raise $165 Mln Through An Underwritten Placement

Goodman New Zealand and Goodman Property Services

18/09/2019 02:25

Sept 18 (Reuters) - Goodman Property Trust  GMT.NZ :
    * INTENDS TO RAISE $165 MILLION OF NEW EQUITY THROUGH AN
UNDERWRITTEN PLACEMENT
    * PRICE OF PLACEMENT UNITS IS FIXED AT $2.10 PER UNIT
    * ALSO INTENDS TO UNDERTAKE A RETAIL OFFER ALLOWING NEW
ZEALAND
RESIDENT UNITHOLDERS TO SUBSCRIBE FOR UP TO $50,000 OF NEW UNITS
IN GMT
    * GOODMAN GROUP, CO'S LARGEST UNITHOLDER HAS COMMITTED TO
PARTICIPATE IN PLACEMENT FOR ITS PRO-RATA EQUIVALENT
    * BOARD HAS REAFFIRMED ITS EARNINGS GUIDANCE FOR CURRENT
FINANCIAL
YEAR
    * REAFFIRMED EARNINGS GUIDANCE FOR CURRENT FY AND CASH
DISTRIBUTIONS TOTALING 6.65 CENTS PER UNIT EXPECTED TO BE PAID
    * ALL FIGURES IN NZ$

Source text for Eikon:  ID:nNZW8f8Dd5 
Further company coverage:  GMT.NZ 

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