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- Release Date: 04/09/13 10:52
- Summary: PLACE: PCT: Precinct announces successful $50 million placement
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PCT
04/09/2013 08:52
PLACE
REL: 0852 HRS Precinct Properties New Zealand Limited
PLACE: PCT: Precinct announces successful $50 million placement
Not for release or distribution in the United States
Precinct announces successful $50 million placement
Precinct Properties New Zealand Limited (Precinct) (NZX: PCT) announced today
that the company has successfully placed $50 million of fully paid ordinary
shares to institutional and other eligible investors at an issue price of
$1.00 ("Placement").
The Placement was fully subscribed. Settlement and allotment of the Placement
shares will be on 9 September 2013.
The Placement was managed and underwritten by Macquarie Securities (NZ)
Limited ("Macquarie"). None of the $50 million Placement shares will be
acquired by Macquarie in its capacity as underwriter.
As announced yesterday, Precinct also intends to undertake a non-underwritten
share purchase plan ("SPP") for eligible New Zealand resident shareholders
(with a record date of 19 September 2013).
-ends-
This announcement has been prepared for publication in New Zealand and may
not be released or distributed in the United States. This announcement does
not constitute an offer of securities for sale in the United States or any
other jurisdiction. Any securities described in this announcement may not be
offered or sold in the United States absent registration under the US
Securities Act of 1933 or an exemption from registration.
For further information, contact:
Scott Pritchard
Chief Executive Officer
Office: +64 9 927 1640
Mobile: +64 21 431 581
Email: [email protected]
George Crawford
Chief Financial Officer
Office: +64 9 927 1641
Mobile: +64 21 384 014
Email: [email protected]
About Precinct (PCT)
Precinct is New Zealand's only specialist listed investor in prime and
A-grade commercial office property. Listed on the New Zealand Exchange, PCT
currently owns 17 New Zealand buildings - Auckland's PricewaterhouseCoopers
Tower, ANZ Centre, SAP Tower, AMP Centre, Zurich House, HSBC House and
Downtown Shopping Centre; and Wellington's State Insurance Tower, Vodafone on
the Quay, 171 Featherston Street, 125 The Terrace, No. 1 and 3 The Terrace,
Pastoral House, Mayfair House, 80 The Terrace, Deloitte House and Bowen
Campus.
End CA:00240657 For:PCT Type:PLACE Time:2013-09-04 08:52:31
