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- Release Date: 08/01/13 14:43
- Summary: ALLOT: GMT: Unit Purchase Plan Oversubscribed
- Price Sensitive: No
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GMT
08/01/2013 12:43
ALLOT
REL: 1243 HRS Goodman Property Trust
ALLOT: GMT: Unit Purchase Plan Oversubscribed
Goodman Property Trust (GMT) is pleased to advise that the Unit Purchase
Plan, targeting $20 million of new equity, has been completed.
Strong demand has resulted in the offer being significantly oversubscribed
with applications exceeding the offer maximum of $30 million by $8.5 million
or 28.28%. As a result of the high level of participation applications have
been scaled to 77.95% of the original amount in accordance with the rules of
the offer (contained in the Unit Purchase Plan Booklet dated 30 November
2012).
The offer raised $29,997,623 with 29,997,623 new units being issued to
eligible Unitholders after the scaling process. In accordance with Listing
Rule 7.12.1, GMT advises NZX of the allotment of these securities and
requests they be listed and quoted on the New Zealand Stock Exchange.
(a) Class of security and ISIN; Goodman Property Trust Units,
ISIN NZCPTE0001S9
(b) Number of Units issued; 29,997,623
(c) Issue price; $1.00
(d) Was payment received in cash; Yes
(e) Amount paid up; Not applicable
(f) Percentage of the total class issued; 2.57% of the total units on issue
immediately prior to the issue of the new units
(g) Reason for issue; Unit Purchase Plan Offer, to fund future development
and investment opportunities
(h) Specific authority for the issue; Unit Purchase Plan Booklet dated 30
November 2012, clauses 5.1 and 5.3 of the GMT Trust Deed and Goodman (NZ)
Limited Directors' Resolution dated 12 November 2012
(i) Terms of the issue; The units will rank equally in all respects with the
existing units in Goodman Property Trust at the date on which they are issued
(j) Total number of units in existence after the issue; 1,197,469,049
(k) Are units held as treasury stock; Not applicable
(l) Date of the issue; 8 January 2013
For further information please contact:
Andy Eakin
Chief Financial Officer
Goodman (NZ) Limited
(09) 375 6077
(021) 305 316
End CA:00231872 For:GMT Type:ALLOT Time:2013-01-08 12:43:44
