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.

Key dates

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