PFI
09/09/2015 17:04
RIGHT
NOT PRICE SENSITIVE
REL: 1704 HRS Property for Industry Limited
RIGHT: PFI: Completion of Rights Offer
COMPLETION OF RIGHTS OFFER
NZX listed industrial property landlord Property For Industry Limited (PFI)
is pleased to announce the successful completion of its 1 for 12 pro rata
renounceable rights offer, announced on 11 August 2015.
Approximately 23.6 million new shares were taken up by shareholders,
representing approximately 68.6% of the new shares available under the rights
offer. This represents gross proceeds of $33.9 million.
The new shares taken up under the rights offer are expected to be allotted on
15 September 2015.
Shortfall bookbuild
Approximately 10.8 million shares out of a total rights issue offer size of
34.4 million shares are available for the shortfall bookbuild component of
the offer, to be conducted by Forsyth Barr Limited as Lead Manager. The
bookbuild is opening at 5:30pm, 9 September and is expected to close on 10
September.
Shareholders who did not take up their full entitlements in the rights offer
will receive a pro rata share of any positive difference between the
shortfall bookbuild price and the application price for new shares of $1.44
per new share. There is no guarantee that any value will be received from the
shortfall bookbuild by eligible shareholders who did not take up their full
entitlement.
Shareholders who have any questions about the rights offer are encouraged to
read the offer document which is available on PFI's website
(www.pfirightsoffer.co.nz) and seek financial, investment, or other
professional advice from a qualified professional adviser.
Contact
For further information, contact:
Craig Peirce
Chief Financial Officer and Company Secretary
Mob: +64 21 248 6301
Email: [email protected]
About PFI
PFI is New Zealand's only listed company specialising in industrial property.
PFI's portfolio of 85 industrial properties in Auckland, Hamilton, Mount
Maunganui, Wellington and Christchurch, is leased to 143 tenants.
www.propertyforindustry.co.nz
End CA:00269893 For:PFI Type:RIGHT Time:2015-09-09 17:04:51
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