Shaw and Partners is pleased to be appointed as Co-Lead Manager to an equity capital raising by Centuria Capital Group (ASX.CNI).

The company is undertaking a fully underwritten institutional placement to raise approximately $19.5 million, and a fully underwritten 1 for 15 accelerated non-renounceable pro rata entitlement offer to raise approximately $80.5 million.

The offer price of $2.25 per security represents a 1.7% discount to the last close price of $2.29 per security on 21 October 2020 and a 2.8% discount to the 5 day VWAP of $2.32 per security on 21 October 2020.

CNI will use the placement proceeds to reposition its balance sheet through the repayment of debt (A$39.5 million) and other capital management initiatives, which provides funding flexibility to execute new transaction opportunities (including underwriting support for the Visy Facility acquisition).

The offer is available to Australian resident Sophisticated and Professional Investor clients only.

For more information please contact your Shaw and Partners Adviser.