Shaw and Partners appointed Co-Lead Manager to the capital raising announced by Centuria News10 Oct 2018

Shaw and Partners has been appointed Co-Lead Manager to the equity capital raising announced by Centuria.

 

Centuria Capital (ASX.CNI) is proposing to raise $100 million at an issue price of $1.30 per security by way of 1 for 5 accelerated non-renounceable entitlement offer to raise $79.7 million (Entitlement Offer), comprising an institutional entitlement offer and a retail entitlement offer; and an institutional placement to raise $20.3 million (Placement).

 

The offer price of $1.30 per new security represents a 3.3% discount to the 5 day VWAP of $1.345 on 9 October 2018.

 

Centuria Metropolitan REIT (ASX.CMA) is proposing to raise $276 million equity raising at an issue price of $2.43 per security by way of 1 for 3 accelerated non-renounceable entitlement offer to raise $197 million (Entitlement Offer), comprising an institutional entitlement offer and a retail entitlement offer; and an institutional placement to raise $79 million (Placement).

 

The offer price of $2.43 per new security represents a:

  • 4.7% discount to the last close price of $2.55 on 9 October 2018
  • 4.2% discount to the 5 day VWAP of $2.54 on 9 October 2018
  • 3.6% discount to the theoretical ex-rights price of $2.52

 

OFFER IS AVAILABLE TO AUSTRALIAN RESIDENT SOPHISTICATED AND PROFESSIONAL INVESTOR CLIENTS ONLY.

 

For more information, contact your Shaw and Partners Adviser.

 

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