Brief: Kiwi Property Says Conducting An Equity Raise Of About $200 Million

Kiwi Property

30/10/2019 01:20

Oct 30 (Reuters) - Kiwi Property Group Ltd  KPG.NZ :
    * KIWI PROPERTY GROUP LTD - CONDUCTING AN EQUITY RAISE OF
APPROXIMATELY $200 MILLION
    * KIWI PROPERTY GROUP LTD - EQUITY RAISE COMPRISING A FULLY
UNDERWRITTEN PLACEMENT OF $180 MILLION AND A RETAIL OFFER
TARGETING $20 MILLION
    * KIWI PROPERTY GROUP LTD - REAFFIRMED ITS FULL YEAR
DIVIDEND
GUIDANCE FOR YEAR ENDING 31 MARCH 2020 AT 7.05 CENTS PER SHARE
    * KIWI PROPERTY GROUP LTD - PRICE OF SHARES FOR PLACEMENT IS
FIXED
AT $1.58 PER SHARE
    * KIWI PROPERTY GROUP LTD - NEW EQUITY BEING SOUGHT OFFER
WILL
REDUCE GEARING AT 30 SEPTEMBER 2019 TO 27.4% ON A PRO-FORMA
BASIS
    * KIWI PROPERTY GROUP LTD - ALL FIGURES IN NZ$

Source text http://bit.ly/34dY1xs
Further company coverage:  KPG.NZ 

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