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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Sadif Analytics Prime

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Growthpoint Properties Ltd Announces Completion Of Equity Capital Raising

Wednesday, 22 May 2013 02:00am EDT 

Growthpoint Properties Ltd announced that it has successfully completed the equity capital raising of ZAR2,520 million announced previously, through the issue of 90 million new Growthpoint linked units at a final offer price of ZAR28.00 per unit. The book build has been run by Deutsche Bank AG and Investec Bank Limited. Growthpoint has agreed to a 90 days lock-up, excluding Distribution Reinvestment Plan (DRP), option schemes and equity issued directly to vendors as part of the funding consideration for acquisitions. Deutsche Bank AG, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority (the FCA), and Investec Bank Limited are acting for the Company and for no-one else in connection with the Placing, and will not be responsible to anyone other than the Company for providing the protections afforded to customers of Deutsche Bank AG or Investec Bank Limited or for providing advice to any other person in relation to the Placing or any other matter referred to herein.