News: HPI Hotel Property Investments To Acquire Edwardes Lake Hotel

Sept 14 (Reuters) - Hotel Property Investments Ltd (HPI) :

• HOTEL PROPERTY INVESTMENTS LTD - ENTERED INTO AGREEMENTS TO ACQUIRE EDWARDES LAKE HOTEL FOR A CONSIDERATION OF A$28.0 MILLION
• HOTEL PROPERTY INVESTMENTS - IS IN ADVANCED STAGES ON A SECOND ACQUISITION, EXPECTED TO BE ACQUIRED FOR A$7.9 MILLION
• HOTEL PROPERTY INVESTMENTS -UNDERTAKE NON-UNDERWRITTEN SECURITY PURCHASE PLAN TO RAISE UP TO A$10.0 MILLION
• HOTEL PROPERTY INVESTMENTS LTD - WILL UNDERTAKE A FULLY UNDERWRITTEN INSTITUTIONAL PLACEMENT TO RAISE A$50.0 MILLION TO PARTIALLY FUND ACQUISITIONS
• HOTEL PROPERTY INVESTMENTS - WILL UNDERTAKE NON-UNDERWRITTEN SECURITY PURCHASE PLAN TO RAISE UP TO A$10.0 MILLION
• HOTEL PROPERTY INVESTMENTS LTD - PLACEMENT WILL BE ISSUED AT A FIXED PRICE OF A$3.40 PER SECURITY
• HOTEL PROPERTY INVESTMENTS LTD-MAINTAIN ITS FY22 DISTRIBUTION GUIDANCE OF 20.5 AU CENTS PER SECURITY