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Generation Healthcare REIT Announces Equity Raising


Monday, 18 Nov 2013 05:50pm EST 

Generation Healthcare REIT announced the launch of an $18.0 million equity raising at $1.14 per new unit which, together with undrawn debt facilities, will fully fund the construction of Casey Stage 1. The equity raise is to comprise: AUD11.0 million fully underwritten placement3 to institutional and sophisticated investors (Placement); and Up to $7.0 million non-underwritten unit purchase plan to existing eligible unitholders (UPP). Macquarie Capital (Australia) Limited (Macquarie) and Morgans Corporate Limited (Morgans) are lead managers in relation to the Placement. The Placement is fully underwritten by Macquarie Capital (Australia) Limited and Morgans Corporate Limited. The UPP is available for existing eligible unitholders on the register as at 7.00 pm on November 12, 2013. The UPP offer will open on November 25, 2013, and remain open for subscription until 5.00 pm on December 9, 2013. 

Company Quote

1.62
-0.01 -0.61%
4 May 2015