Placements::Launch of Private Placement to Raise Gross Proceeds of No Less Than Approximately EUR90.0 Million
Issuer & Securities
Issuer/ Manager
CROMWELL EREIT MANAGEMENT PTE. LTD.
Securities
CROMWELL EUROPEAN REIT - SG1EA8000000 - CNNU
Stapled Security
No
Announcement Details
Announcement Title
Placements
Date &Time of Broadcast
24-Feb-2021 09:57:05
Status
New
Announcement Sub Title
Launch of Private Placement to Raise Gross Proceeds of No Less Than Approximately EUR90.0 Million
Announcement Reference
SG210224OTHR41U2
Submitted By (Co./ Ind. Name)
Simon Garing
Designation
Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below)
Proposed private placement of between 200,000,000 and 209,302,300 new units (both figures inclusive) in CEREIT ("New Units") to institutional and other investors at an issue price of between EUR0.43 and EUR0.45 per New Unit (both figures inclusive) (the "Issue Price Range") to raise gross proceeds of no less than approximately EUR90.0 million (the "Private Placement") with a placement upsize of EUR10.0 million.
Please see the attached announcement.
Additional Details
Capital Amount-Old
EUR 1,267,554,973
Capital Amount-New
EUR 1,367,554,956
No. of Existing Outstanding Shares
2,556,080,556
New Shares Issued
209,302,300
Offer Price
EUR 0.43
Attachments
CEREIT_LaunchPP_24Feb2021.pdf
Total size =1852K
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