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- Release Date: 14/11/12 10:45
- Summary: PLACE: GMT: GMT Placement Fully Subscribed
- Price Sensitive: No
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GMT
14/11/2012 08:45
PLACE
REL: 0845 HRS Goodman Property Trust
PLACE: GMT: GMT Placement Fully Subscribed
Goodman Property Trust has received strong support from local and offshore
investors in the private placement undertaken yesterday.
The $60 million equity raising was fully subscribed at the fixed issue price
of $1.015625 cents per Unit. Allotment of the new units is expected to occur
on 16 November 2012.
The placement was underwritten by Macquarie Securities New Zealand Limited
and Craigs Investment Partners Limited.
Chief Executive Officer of Goodman (NZ) Limited, John Dakin said, "Our
institutional investors have recognised the value of the Highbrook
transaction and the many benefits that it offers. It is a strong endorsement
of our business strategy and we look forward to extending an offer to our
retail investors through the Unit Purchase Plan".
The offer, which is expected to open on 30 November 2012, is seeking to raise
approximately $20 million from eligible New Zealand resident Unitholders.
For further information please contact:
John Dakin
Chief Executive Officer
Goodman (NZ) Limited
(09) 375 6063
(021) 321 541
Andy Eakin
Chief Financial Officer
Goodman (NZ) Limited
(09) 375 6077
(021) 305 316
End CA:00229693 For:GMT Type:PLACE Time:2012-11-14 08:45:20
