Charter Hall WALE Limited, as responsible entity of Charter Hall Long WALE REIT (ASX:CLW) today announced the successful completion of the institutional component of its underwritten 1 for 9.25 accelerated non-renounceable entitlement offer announced to the market on Monday, 4 December 2017.
The Institutional Entitlement Offer raised approximately $47.6 million (including approximately $19.2 million worth of entitlements that were taken up by Charter Hall Group). The retail component of the entitlement offer (Retail Entitlement Offer) will raise approximately $46.5 million, taking the total size of the entitlement offer to $94.1 million.
The Entitlement Offer is underwritten by UBS AG, Australia Branch.
New securities issued under the Entitlement Offer will be issued at a fixed price of $4.15 per security and will rank equally with existing CLW Securities. New securities will be entitled to the distribution for the three months to 31 December 2017.
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