PFI
10/09/2015 14:06
RIGHT
PRICE SENSITIVE
REL: 1406 HRS Property for Industry Limited
RIGHT: PFI: Completion of Shortfall Bookbuild
COMPLETION OF SHORTFALL BOOKBUILD
NZX listed industrial property landlord Property For Industry Limited (PFI)
advises that it has successfully completed the shortfall bookbuild component
of its 1 for 12 pro rata renounceable rights offer (Offer), underwritten by
Forsyth Barr Group Limited. The Offer was announced on 11 August 2015, and
will raise a total of $49.5 million.
The shortfall bookbuild attracted broad support from institutional
shareholders and New Zealand retail broking firms.
The clearing price under the shortfall bookbuild was $1.475 per share, a
premium of $0.035 per share over the application price of $1.440 under the
Offer. Therefore, eligible shareholders who elected not to take up their full
entitlements will receive $0.035 for each new share not taken up by them.
The shares taken up under the Offer are expected to be allotted and commence
trading on 15 September 2015.
PFI shares are expected to resume trading shortly.
Shareholders who have any queries about the 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 please 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:00269935 For:PFI Type:RIGHT Time:2015-09-10 14:06:49
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