News: GTY Gateway Lifestyle Group says co secured acquisitions of six manufactured home estates

March 9 (Reuters) - Gateway Lifestyle Group (GTY) :

• Acquisitions and capital raising announcement (GTY)
• Gateway will use excess proceeds raised to repay debt
• Secured acquisitions of six manufactured home estates for a combined consideration of $49.3 million
• Consideration of $49.3 million funded via an equity raising
• Also currently in advanced due diligence and exclusive negotiations with regards to two further mhes
• Undertaking fully underwritten $120.0 million equity raising
• Equity raising, acquisitions and debt paydown is neutral to FY 2016 underlying EPS guidance provided by Gateway at 1h16 results
• Reaffirms that it remains on track to deliver the pds forecast of 261 home settlements in FY 2016