APN Industria REIT

Overview

On Thursday, 23 September 2021, APN Industria REIT (Industria or the Fund) announced that agreements have been entered into to enable it to acquire interests in a portfolio of 51 industrial properties and development opportunities for approximately $368 million (the Acquisitions).

The Acquisitions and associated transaction costs will be partially funded with a fully underwritten equity raising of approximately $350 million (the Equity Raising) at a fixed issue price of $3.45 per security (Issue Price), comprising:

• an institutional placement (Placement) to raise approximately $100 million; and

• an accelerated 1-for-3 non-renounceable entitlement offer (Entitlement Offer) to raise approximately $250 million.

The balance of the Acquisitions and associated transaction costs will be funded through existing and new bank debt facilities.

Retail entitlement offer* - click here

* Eligible Retail Securityholders with a registered address in Australia and New Zealand only

Entitlement Offer

The Entitlement Offer to raise $250 million comprises:

• an underwritten accelerated institutional component (Institutional Entitlement Offer); and

• an underwritten retail component (Retail Entitlement Offer).

Retail Entitlement Offer

Eligible retail securityholders with registered addresses on the Industria security register in Australia and New Zealand, or securityholders not in Australia or New Zealand that Industria has otherwise determined are eligible to participate, will be eligible to participate in the Retail Entitlement Offer. Eligible retail securityholders who do not take up their entitlement under the Retail Entitlement Offer in full or in part, will not receive value in respect of the entitlement not taken up.

New securities issued under the Equity Raising will not be entitled to the distribution for the quarter ending 30 September 2021.

Further information on the Retail Entitlement Offer will be lodged with the ASX and sent to eligible retail securityholders on or around 30 September 2021.

Equity raising timetable

All dates and times are indicative only and subject to change. Unless otherwise specified, all times and dates refer to Melbourne time.

For further information in regard to the Retail Entitlement Offer, please do not hesitate to contact the Industria Offer Information Line on 1800 131 904 (within Australia) or +61 1800 131 904 (outside Australia) at any time from 8.30am to 5.30pm (Melbourne time) Monday to Friday (excluding public holidays) during the offer period.