Precinct $30 million Retail Offer closes oversubscribed

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 – 6 July 2021
Precinct $30 million Retail Offer closes oversubscribed
Precinct Properties New Zealand Limited (NZX: PCT) (Precinct) is pleased to announce that its
non-underwritten $30 million retail offer (Retail Offer) has closed oversubscribed. The Retail
Offer was well supported by shareholders, with Precinct receiving applications totalling
approximately $58 million. Precinct has elected to not accept the oversubscriptions, bringing
the total subscriptions under the Retail Offer to $30 million. Scaling and the return of any surplus
application amounts will be carried out in accordance with the terms of the Retail Offer as
set out in the Retail Offer Document dated 22 June 2021.
Under the Retail Offer, eligible existing shareholders whose address was recorded in Precinct’s
share register as being in New Zealand as at 5:00pm (NZST) on the record date of 17 June
2021 could each subscribe for up to $50,000 worth of new Precinct shares. Over 6,500 Precinct
shareholders applied under the Retail Offer, with an average application size of
approximately $8,750.
The Retail Offer was part of Precinct’s equity raise announced on 18 June 2021, under which
Precinct also undertook a fully underwritten $220 million placement of new shares to
institutional shareholders. The new shares under the Retail Offer will be issued at a price of
$1.52 per share, being the same price as new shares issued under the placement.
Settlement, allotment, and commencement of trading of new shares issued under the Retail
Offer is expected to occur on 8 July 2021. New shares issued under the Retail Offer will rank
equally in all respects with Precinct’s existing ordinary shares.

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
Mobile: +64 21 431 581
Email: scott.pritchard@precinct.co.nz

George Crawford
Deputy Chief Executive Officer
Mobile: +64 21 384 014
Email: george.crawford@precinct.co.nz

Richard Hilder
Chief Financial Officer
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 predominantly in premium
and A-grade commercial office property. Listed on the NZX Main Board, PCT currently owns
Auckland’s HSBC Tower, AMP Centre, Jarden House, One Queen Street, 204 Quay Street,
Mason Bros. Building, 12 Madden Street, 10 Madden Street, PwC Tower and Commercial Bay
Retail; and Wellington’s AON Centre, NTT Tower, Central on Midland Park, No. 1 and No. 3
The Terrace, Mayfair House, Charles Fergusson Building and Defence House.
Precinct owns Generator NZ, New Zealand’s premier flexible office space provider.
Generator currently offers 13,600 square metres of space across four locations in Auckland.