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BRIEF-Mirvac Group Launches A $750 Mln Placement, Issues Guidance

Published 29/05/2019, 08:37 am
Updated 29/05/2019, 08:40 am
© Reuters.  BRIEF-Mirvac Group Launches A $750 Mln Placement, Issues Guidance

May 29 (Reuters) - Mirvac Group MGR.AX :

* LAUNCHES A $750M PLACEMENT

* RE-AFFIRMS ITS FY19 DISTRIBUTION PER STAPLED SECURITY ("DPS") GUIDANCE OF 11.6 CPSS

* UNDERTAKING AN EQUITY RAISING COMPRISING A NON-UNDERWRITTEN SECURITY PURCHASE PLAN TO RAISE UP TO $75 MILLION

* PRELIMINARY FY20 DPS GUIDANCE OF 5 PER CENT GROWTH COMPARED TO FY19

* PRELIMINARY FY20 EPS GUIDANCE OF GREATER THAN 2 PER CENT GROWTH COMPARED TO FY19

* EXPECTS TO DELIVER FY19 EARNINGS PER STAPLED SECURITY OF 17.1 CENTS PER STAPLED SECURITY

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