Successful Completion of $65 Million Placement
25137519
IMMEDIATE – 20 November 2019
Investore Property Limited
Successful Completion of $65 Million Placement
Investore Property Limited (Investore) advises that it has successfully completed the $65 million
placement of new shares which forms part of the $80 million capital raising announced on 19 November
2019. The placement had been fully underwritten and was allocated to investors at the final price of
$1.75 per share.
Mike Allen, Chairman of Investore, said “The Board is delighted with the outcome of the placement, with
the full $65 million fully allocated, following strong support from current and new institutional
shareholders. The capital raising provides the funding flexibility to pursue the conditional acquisition of
three large format retail properties from Stride Property Limited announced on 19 November 2019,
growing Investore’s overall portfolio and supporting execution of its strategy.”
Settlement and allotment of the new shares issued under the placement is expected to occur on
25 November 2019.
Goldman Sachs New Zealand Limited acted as sole lead manager, placement agent, bookrunner and
underwriter of the placement.
Retail Share Offer opens on Monday
Eligible shareholders will receive their personalised application forms to apply for up to $50,000 of new
shares at the same price as the placement ($1.75) from 25 November 2019. Shareholders can apply
online at www.shareoffer.co.nz/investore (operational once the retail offer opens) until 5.00pm (NZT) on
4 December 2019.
Record Date 5.00pm (NZ time) 18 November 2019
Announcement of Offer 19 November 2019
Retail Offer Opening Date 25 November 2019
Offer Document and Application Form sent to eligible
shareholders
25 November 2019
Retail Offer Closing Date (last day for online
applications, or for receipt of an Application Form,
with payment)
4 December 2019, 5pm
Allotment of new shares under the Retail Offer and
commencement of trading
10 December 2019
These dates are subject to change and are indicative only. Investore reserves the right to alter the key dates,
subject to applicable laws and the NZX Listing Rules. Investore reserves the right to withdraw the retail offer at any
time prior to the issue of the shares under the retail offer at its absolute discretion.
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Ends
For further information please contact:
Mike Allen, Chairman, Investore Property Limited
Mobile: 021 606 134 - Email: mike.allen@investoreproperty.co.nz
Philip Littlewood, Chief Executive Officer, Stride Investment Management Limited as manager of Investore
Mobile: 021 230 3026 - Email: philip.littlewood@strideproperty.co.nz
Jennifer Whooley, Chief Financial Officer, Stride Investment Management Limited as manager of Investore
Mobile: 021 536 406 - Email: jennifer.whooley@strideproperty.co.nz
Louise Hill, General Manager Corporate Services, Stride Investment Management Limited as manager of Investore
Mobile: 0275 580 033- Email: louise.hill@strideproperty.co.nz
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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