10 August 2017
Dexus announces completion of Security Purchase Plan
Dexus Funds Management Limited as responsible entity for Dexus confirms the completion of the Security Purchase Plan ("SPP") announced to the Australian Securities Exchange on 21 June 2017 in connection with Dexus’s $500 million institutional placement ("Institutional Placement").
A total of approximately $4.4 million was raised under the SPP and accordingly 439,405 new securities ("New Securities") will be issued to eligible applicants on Thursday, 17 August 2017 at an issue price of $9.96 per security ("Issue Price"). The Issue Price is approximately the same as the price paid by institutional investors under the Institutional Placement ($10.20 per security) less the estimated distribution for the six months ended 30 June 2017 of $0.2376 per security. Given that the amount raised did not exceed the $50 million maximum, all applications will be satisfied in full.
The New Securities will not be entitled to the distribution for the six months ended 30 June 2017, but will rank equally and have full entitlement to the distribution for the six months ending 31 December 2017.
Holding statements will be issued to eligible applicants on Monday 21 August 2017.