Successful completion of $130 million placement

Precinct Properties New Zealand Limited Head Office Wellington Office
E hello@precinct.co.nz Level 12, 188 Quay Street, Auckland 1010 T 0800 400 599 Level 19, 157 Lambton Quay, Wellington T 0800 400 599
W www.precinct.co.nz PO Box 5140, Auckland 1141, New Zealand F +64 9 927 1655 PO Box 2, Wellington 6140, New Zealand F +64 4 494
2267
NZX announcement – 20 February 2019
Successful completion of $130 million placement
Precinct Properties New Zealand Limited (Precinct) (NZX: PCT) advises that it has successfully
raised $130 million through the placement which forms part of the $150 million capital raising
announced on 19 February 2019. The final price under the placement was $1.48 per share.
Scott Pritchard, Precinct’s CEO said “We are pleased with the support shown by our existing
shareholders and are pleased to welcome new investors onto our share register. The strong
investment demand we have received ensures we are well positioned to deliver our future
opportunities and further endorses our business and long term strategy.”
“We are pleased to be offering a similar opportunity to our retail shareholders to participate in
the equity raising, through a fully underwritten Retail Share Offer where each New Zealand
resident shareholder will be able to apply for up to $50,000 of new shares at the same price as
the placement, $1.48.”
“The funds raised will be used to repay bank debt and provide additional capacity to deliver
on medium term opportunities including Bowen Campus Stage Two and Wynyard Quarter
Stages Three and Four, and provide flexibility for growth opportunities when they arise.”
Settlement and allotment of the new shares issued under the placement is expected to occur
on 22 February 2019.
Retail Share Offer opens on Friday
Eligible New Zealand resident shareholders will receive their personalised application forms to
apply for up to $50,000 of new shares at the same price as the placement ($1.48) from 22
February 2019. Shareholders can apply online at www.shareoffer.co.nz/precinct until 5.00pm
on 5 March 2019.
Record Date 5.00pm (NZ time) 18 February 2019
Announcement of the Offer
19 February 2019

Offer Document, Application Forms sent to be sent
Eligible Shareholders
22 February 2019

Precinct Properties New Zealand Limited Head Office Wellington Office
E hello@precinct.co.nz Level 12, 188 Quay Street, Auckland 1010 T 0800 400 599 Level 19, 157 Lambton Quay, Wellington T 0800 400 599
W www.precinct.co.nz PO Box 5140, Auckland 1141, New Zealand F +64 9 927 1655 PO Box 2, Wellington 6140, New Zealand F +64 4 494
2267
Opening Date for the Offer 22 February 2019
Closing Date for the Offer (last day for online
applications, or for receipt of the Acceptance Form,
with payment)
5 March 2019
Allotment of New Shares under the Offer (Issue Date)
and trading commencement of New Shares
11 March 2019
Payment date for next dividend following Offer 27 March 2019

These dates are subject to change and are indicative only. Precinct reserves the right to amend
this timetable (including by extending the Closing Date of the Offer) subject to applicable laws
and the Listing Rules. Precinct reserves the right to withdraw the Offer and the issue of New
Shares at any time before the Issue Date at its absolute discretion.
Precinct shares will recommence trading upon market opening today.

ends-

Precinct Properties New Zealand Limited Head Office Wellington Office
E hello@precinct.co.nz Level 12, 188 Quay Street, Auckland 1010 T 0800 400 599 Level 19, 157 Lambton Quay, Wellington T 0800 400 599
W www.precinct.co.nz PO Box 5140, Auckland 1141, New Zealand F +64 9 927 1655 PO Box 2, Wellington 6140, New Zealand F +64 4 494
2267
For further information, please contact:

Scott Pritchard
Chief Executive Officer
Office: +64 9 927 1640
Mobile: +64 21 431 581
Email: scott.pritchard@precinct.co.nz

George Crawford
Chief Operating Officer
Office: +64 9 927 1641
Mobile: +64 21 384 014
Email: george.crawford@precinct.co.nz

Richard Hilder
Chief Financial Officer
Office: +64 9 927 1645
Mobile: +64 29 969 4770
Email: richard.hilder@precinct.co.nz


About Precinct (PCT)
Precinct is New Zealand’s only listed city centre specialist investing predominately in premium
and A-grade commercial office property. Listed on the NZX Main Board, PCT currently owns
Auckland’s PwC Tower, AMP Centre, ANZ Centre (50%), Zurich House, HSBC House, Mason Bros.
Building, 12 Madden Street, 10 Madden Street and Commercial Bay; and Wellington’s AON
Centre, Dimension Data House, No. 1 and No. 3 The Terrace, Pastoral House, Mayfair House and
Bowen Campus.