Investore Property Limited Plans to Raise $100 Million

  • Apr 29, 2020 NZST
  • Team Kalkine
Investore Property Limited Plans to Raise $100 Million

Investore Property Limited (NZX:IPL) is planning to raise up to $100 million through a $85 million underwritten placement and a $15 million share purchase plan. The net proceeds of the Offer will be used to provide:

  • Funding flexibility to continue the company’s strategy to grow its portfolio;
  • Positioning it well to secure investment opportunities that may arise;
  • Continue its objective of maximising distributions and total returns to investors over the medium to long term.

At NZST 12:42PM, the stock was trading at $1.770 per share, no change from its previous close.

 


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