INA ingenia communities group

News: INA Ingenia Communities Says To Raise About A$475 Million To Fund Acquisitions

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    Nov 1 (Reuters) - Ingenia Communities Group (INA) :

    • TO RAISE APPROXIMATELY A$475 MILLION TO FUND ACQUISITIONS
    • TO ACQUIRE 20 COMMUNITIES AND DEVELOPMENT SITES VIA A$552M OF IDENTIFIED ACQUISITIONS
    • ANNOUNCED 1 FOR 4.24 ACCELERATED NON-RENOUNCEABLE ENTITLEMENT OFFER TO EXISTING SECURITYHOLDERS TO RAISE A$475 MILLION
    • FY22 GUIDANCE UNDERLYING EPS GROWTH OF 3% TO 6% RELATIVE TO FY21
    • SEES FY22 EARNINGS GUIDANCE OF GROWTH IN EBIT OF 20% - 25%
    • IMPACT ON GROUP'S HOLIDAYS EARNINGS IS ESTIMATED TO BE APPROXIMATELY A$7 MILLION IN FY22
 
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Last
$5.63
Change
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Price($) Vol. No.
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