DGAP-Ad-hoc: Dexus Finance Pty Limited / Key word(s): Real Estate
Dexus Finance Pty Limited: Successful completion of Security Purchase Plan
03-Jun-2019 / 03:24 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
*Dexus (ASX: DXS)*
*ASX release*
*3 June 2019*
*NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES*
*Dexus announces successful completion of Security Purchase Plan *
Dexus Funds Management Limited as responsible entity of Dexus ("*Dexus*")
refers to its announcements made to the Australian Securities Exchange
("*ASX*"):
- on 2 May 2019, relating to a fully underwritten $900 million institutional
placement ("*Institutional* *Placement*"), and a non-underwritten Security
Purchase Plan ("*SPP*") to eligible Dexus Security holders in Australia and
New Zealand to raise up to $50 million and
- on 8 May 2019, relating to the despatch of the SPP booklet to eligible
Dexus Security holders in Australia and New Zealand.
Dexus Funds Management Limited as responsible entity for Dexus confirms the
successful completion of the SPP following the closing of the SPP offer at
5pm (Sydney time) on 29 May 2019.
The SPP closed oversubscribed raising approximately $63.9 million. As
permitted under clause 3.7 of the terms of the SPP, Dexus has decided to
increase the $50 million cap on securities issued under the SPP to allow for
all valid applications to be satisfied.
The issue and allotment of the new securities ("*New Securities*") will
occur on Wednesday, 5 June 2019 at an issue price of $12.10 per security
("*Issue Price*"). The Issue Price is the same price paid by institutional
investors under the Institutional Placement completed on 3 May 2019.
The New Securities will rank equally with existing fully paid Securities and
will carry the same voting rights and entitlement to receive distributions,
including the full distribution for the six months ending 30 June 2019.
The SPP offer was sent to 26,774 eligible Security holders and valid
applications totalling approximately $63.9 million were received from
approximately 4,640 Security holders. This represents a participation rate
for those eligible Security holders of 17.3% and an average application
worth $13,800.
Holding statements will be issued to eligible applicants on Thursday, 6 June
2019.
In relation to the A$425 million Guaranteed Exchangeable Notes issued 19
March 2019 ("*Notes*"), Dexus advises that the issue and allotment of new
Dexus Stapled Securities under the SPP will not result in an adjustment to
the exchange price of the Notes.
*For further information please contact:*
Investor Relations Media Relations
Rowena Causley Louise Murray
+61 2 9017 1390 +61 2 9017 1446
+61 416 122 383 +61 403 260 754
rowena.causley@dexus.com louise.murray@dexus.com
Information and Explanation of the Issuer to this News:
*About Dexus*
Dexus is one of Australia's leading real estate groups, proudly managing a
high quality Australian property portfolio valued at $28.9 billion. We
believe that the strength and quality of our relationships is central to our
success, and are deeply committed to working with our customers to provide
spaces that engage and inspire. We invest only in Australia, and directly
own $13.9 billion of office and industrial properties. We manage a further
$15.0 billion of office, retail, industrial and healthcare properties for
third party clients. The group's $5.0 billion development pipeline provides
the opportunity to grow both portfolios and enhance future returns. With 1.7
million square metres of office workspace across 53 properties, we are
Australia's preferred office partner. Dexus is a Top 50 entity by market
capitalisation listed on the Australian Securities Exchange (trading code:
DXS) and is supported by 27,000 investors from 19 countries. With more than
30 years of expertise in property investment, development and asset
management, we have a proven track record in capital and risk management,
providing service excellence to tenants and delivering superior
risk-adjusted returns for investors. www.dexus.com
*Download the Dexus IR app*
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Dexus Funds Management Ltd ABN 24 060 920 783, AFSL 238163, as Responsible
Entity for Dexus (ASX: DXS)
*Important notice and disclaimer *
*Important information *
This announcement is issued by Dexus Funds Management Limited ('*DXFM*') in
its capacity as responsible entity of Dexus (ASX:DXS) ('*Dexus*'),
comprising Dexus Diversified Trust, Dexus Industrial Trust, Dexus Office
Trust and Dexus Operations Trust.
*Not an offer *
This announcement is for information purposes only and is not, and does not
constitute, an invitation, solicitation, recommendation or offer of
securities for subscription, purchase or sale in any jurisdiction. This
announcement is not financial product advice and does not and will not form
any part of any contract or commitment for the acquisition of Dexus Stapled
Securities. This announcement is not a prospectus, product disclosure
statement or other offering document under Australian law (and will not be
lodged with the Australian Securities and Investments Commission) or any
other law.
No action has been (or will be) taken to register Dexus Stapled Securities
or otherwise permit a public offering of the Dexus Stapled Securities in any
jurisdiction outside of Australia and New Zealand. This announcement does
not constitute an offer to sell, or the solicitation of an offer to buy, any
securities in the United States and may not be distributed or released in
the United States. The stapled securities to be offered and sold under the
institutional placement and security purchase plan offer by DXFM ('*New
Securities*') set out in this announcement ('*Offer*') have not been and
will not be registered under the Securities Act of 1933, as amended (the
'*Securities Act*'), or under the securities laws of any state or other
jurisdiction of the United States and may not be offered or sold, directly
or indirectly, in the United States except in compliance with the
registration requirements of the U.S. Securities Act and any other
applicable securities laws of any state or other jurisdiction of the United
States (which Dexus has no obligation to do or procure) or pursuant to an
exemption from, or in a transaction exempt from or not subject to, such
registration requirements and any other applicable securities laws. In
addition, the New Securities to be offered and sold under the security
purchase plan offer by DXFM will only be offered and sold to eligible
Security holders in Australia and New Zealand in 'offshore transactions' (as
defined in Regulation S under the Securities Act) in reliance on Regulation
S under the Securities Act.
03-Jun-2019 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Dexus Finance Pty Limited
264 George Street
2193 Sydney
Australia
Phone: +61 2 9017 1100
Fax: +61 2 9017 1101
E-mail: ir@dexus.com
Internet: www.dexus.com
ISIN: XS1961891220
WKN: A2RZHG
Listed: Regulated Unofficial Market in Frankfurt
EQS News ID: 818187
End of Announcement DGAP News Service
818187 03-Jun-2019 CET/CEST
(END) Dow Jones Newswires
June 02, 2019 21:24 ET (01:24 GMT)
