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- Release Date: 24/12/12 10:30
- Summary: GENERAL: ARG: ARG Announces Details of Share Purchase Plan
- Price Sensitive: No
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ARG
24/12/2012 08:30
GENERAL
REL: 0830 HRS Argosy Property Limited
GENERAL: ARG: ARG Announces Details of Share Purchase Plan
Argosy Property Limited (NZX:ARG) is pleased to announce further details
relating to its Share Purchase Plan ("SPP").
As previously announced, Argosy intends to raise up to $20 million under the
SPP.
The price of the shares to be issued under the SPP will be $0.88 per share,
which is the same price at which Argosy's recent placement to institutional
and other qualified investors was successfully completed.
Shareholders on the Company's share register at 5.00pm on 10 January 2013 and
having an address in New Zealand will be able to subscribe for new shares in
the Company up to a maximum total value of $15,000 per shareholder (subject
to a minimum application amount of $1,000 and an application in multiples of
$1,000).
The SPP is scheduled to open on 17 January 2013 and to close on 5 February
2013. Details of the SPP will be sent to shareholders on or around 15
January 2013.
End CA:00231596 For:ARG Type:GENERAL Time:2012-12-24 08:30:08
