Centuria Conditional Retail Entitlement Offer
Centuria Capital Group (Centuria) is pleased to announce it has agreed to acquire the majority of 360 Capital Group’s (TGP) real estate management platform for $217 million.
Centuria will raise $150 million under the Equity Raising, comprising the Placement, Conditional Placement and an accelerated non-renounceable Entitlement Offer. Securities issued under the Offer will rank equally with existing securities on issues. The Equity Raising is fully underwritten by Moelis Australia Advisory Pty Ltd (Underwriter).
Eligible retail securityholders will be sent details of the entitlement offer shortly. Retail securityholders with questions about the Offer should contact the Entitlement Offer Information Line on 1300 648 172 (from within Australia) or +61 3 9415 4140 (from outside Australia) or visit www.centuriacapitaloffer.com.au during the Retail Offer Period.
The key dates for the offer are set out in the following timetable. The key dates are subject to change.
|Indicative Offer Timetable||Date|
|Trading Halt and announcement of the Transaction and Equity Raising||Wednesday, 23 November 2016|
|Placement, Conditional Placement & Institutional Entitlement Offer opens||Wednesday, 23 November 2016|
|Placement, Conditional Placement & Institutional Entitlement Offer closes||Thursday, 24 November 2016|
|Record date for Retail Entitlement Offer (7:00pm AEST)||Friday, 25 November 2016|
|TGP AGM||Monday, 28 November 2016|
|Retail Entitlement Offer Opens||Wednesday, 30 November 2016|
|TOF EGM to approve the sale of 28.8% stake by TGP to Centuria and CMA (Estimated)||Friday, 23 December 2016|
|Retail Entitlement Offer Closes (5:00pm AEST)||Wednesday, 28 December 2016|
|Record date for 1st half interim dividend/distribution to be paid February 2017||Friday, 30 December 2016|
|Centuria EGM to approve Conditional Placement||Tuesday, 3 January 2017|
|Settlement of the Entitlement Offer, Placement & Conditional Placement (assuming Transaction is approved)||Thursday, 5 January 2017|
|Allotment under the Entitlement Offer, Placement & Conditional Placement (assuming Transaction is approved)||Friday, 6 January 2017|
|ASX quotation and dispatch of holding statements||Monday, 9 January 2017|