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Ingenia Communities Group Completes $21.2 Million Institutional Placement

Wednesday, 19 Jun 2013 06:51pm EDT 

Ingenia Communities Group announced the completion of a Placement of 66.15 million new securities at an issue price of $0.32 cents per security to institutional and sophisticated investors. The proceeds of the raising will be used to partially fund the acquisition of five Manufactured Home Estates currently under due diligence, expanding Ingenia‚Äôs MHE portfolio to over 1,000 homes/sites. Securities issued under the placement will rank equally with existing fully paid ordinary securities, with allotment and trading of the new securities expected to take place on June 27, 2013. Securities issued under the placement will be entitled to the June half year distribution, reaffirmed at 0.5 cents per security, which is payable in September 2013. RBS Morgans Corporate Limited and Petra Capital acted as Joint Lead Managers in relation to the Placement. 

Company Quote

-0.01 -2.22%
21 Nov 2014