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BRIEF-Investec Australia Property Fund To List On ASX

Published 03/05/2019, 04:28 pm
Updated 03/05/2019, 04:30 pm
© Reuters.  BRIEF-Investec Australia Property Fund To List On ASX
IAPJ
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May 3 (Reuters) - Investec Australia Property Fund IAPJ.J :

* ASX LISTING PROPOSAL AND OFFER

* ENTITY HAS DECIDED TO PURSUE AN ADDITIONAL PRIMARY LISTING OF FUND ON ASX TOGETHER WITH AN ASSOCIATED OFFER

* ASSOCIATED OFFER INVOLVES ISSUE BY RESPONSIBLE ENTITY OF 76.9 MILLION NEW UNITS IN FUND

* FOLLOWING IMPLEMENTATION OF ASX LISTING PROPOSAL, FUND TO DELIST FROM BSX, WILL BE DUAL PRIMARY LISTED ON JSE AND ASX

* PROCEEDS FROM OFFER WILL BE USED TO REPAY DEBT AND PAY COSTS ASSOCIATED WITH OFFER

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