General Announcement::Mirvac Group launches a $750m Placement

Issuer & Securities

Issuer/ Manager
MIRVAC GROUP FINANCE LIMITED
Securities
MIRVACGRP HK$300M3.59%N280318 - XS1803111811 - 8QPB
MIRVAC GRP JPY10B0.95%N311218 - XS1532480362 - 66OB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
29-May-2019 07:43:52
Status
New
Announcement Sub Title
Mirvac Group launches a $750m Placement
Announcement Reference
SG190529OTHRIVCB
Submitted By (Co./ Ind. Name)
Michelle Favelle
Designation
Company Secretary
Effective Date and Time of the event
29/05/2019 17:00:00
Description (Please provide a detailed description of the event in the box below)
MIRVAC GROUP EXPECTS TO DELIVER AT THE TOP END OF FY19 GUIDANCE AND LAUNCHES A $750 MILLION PLACEMENT TO FUND STRATEGIC GROWTH INITIATIVES

Mirvac Group (ASX: MGR) ( Mirvac ) today announces that, following strong performance in FY19 to date, it expects to deliver FY19 earnings per stapled security ( EPS ) of 17.1 cents per stapled security ( cpss ), representing growth of 4 per cent on FY181. This is at the top end of its previous guidance range of 16.9 to 17.1 cpss. Mirvac re-affirms its FY19 distribution per stapled security ( DPS ) guidance of 11.6 cpss, representing DPS growth of 5 per cent on FY181.

Mirvac also announces that it is undertaking an equity raising comprising:
- a fully underwritten institutional placement to raise $750 million ( Placement ); and
- a non-underwritten security purchase plan to raise up to $75 million ( SPP ),

(together, the Equity Raising ).

Attachments

MGR launches a $750m Placement incl cover.pdf
Total size =1621K