Brief: Precinct Properties New Zealand Announces A $250 Million Equity Raise

Precinct Properties New Zealand

18/06/2021 02:23

June 18 (Reuters) - Precinct Properties New Zealand Ltd
 PCT.NZ :
    * PRECINCT PROPERTIES NEW ZEALAND LTD - ANNOUNCE A $250
MILLION
EQUITY RAISE
    * PRECINCT PROPERTIES NEW ZEALAND LTD - EQUITY RAISE TO FUND
ACQUISITION OF TWO WELLINGTON OFFICE BUILDINGS
    * PRECINCT PROPERTIES NEW ZEALAND LTD - EXPECTS DIVIDEND
GUIDANCE
FOR 2022 FINANCIAL YEAR OF 6.70 CPS
    * PRECINCT PROPERTIES NEW ZEALAND LTD - PLACEMENT HAS BEEN
UNDERWRITTEN AT A FLOOR PRICE OF $1.51 PER NEW SHARE
    * PRECINCT PROPERTIES NEW ZEALAND LTD -  INTENDS TO
UNDERTAKE A
NON-UNDERWRITTEN RETAIL OFFER OF UP TO $30 MILLION


Further company coverage:  PCT.NZ 

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